 compound interest

compound interest see interest 5
MerriamWebster’s Dictionary of Law. MerriamWebster. 1996.
 compound interest

n.Interest paid both on principal and on any interest already accumulated.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
 compound interest

Interest paid at least in part on accumulated interest. For example, if interest on a savings account is compounded monthly, the depositor is paid interest on the amount deposited after the first month. After the second month, the depositor receives interest on the total amount in the account: the amount deposited plus the interest paid in the first month.Category: Personal Finance & Retirement
Nolo’s PlainEnglish Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
 compound interest

Interest calculated on the sum of the principal plus any accumulated interest.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
 compound interest

Interest generated by the sum of the principal and any accrued interest.
Dictionary from West's Encyclopedia of American Law. 2005.
 compound interest

Interest generated by the sum of the principal and any accrued interest.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
 compound interest

n.payment of interest upon principal and previously accumulated interest, which increases the amount paid for money use above simple interest. Thus, it can increase more rapidly if compounded daily, monthly or quarterly. The genius physicist Albert Einstein called compound interest man's "greatest invention." Most lenders agree.
Law dictionary. EdwART. 2013.