ˌcompound ˈinterest BrE AmE noun [uncountable]
↑ interest that is calculated on both the sum of money lent or borrowed and the unpaid interest already earned or charged ⇨ simple interest
ˌcompound ˈinterest BrE AmE noun [uncountable]
↑ interest that is calculated on both the sum of money lent or borrowed and the unpaid interest already earned or charged ⇨ simple interest
Longman Dictionary of Contemporary English. Longman - Словарь современного английского языка. 2012