Legal Definition and Related Resources of Compound Interest

interest is said to be compounded where at periodic intervals unpaid interest is added to unpaid principal , and interest then begins to accrue on the aggregate sum. See Weilandv Loon, 116 N. W.2d 391, 79 S. D. 608.

Interest paid on previously earned interest as well as on the principal.

Interest that is earned both on the initial principal and on interest earned on the initial principal in previous periods. The interest earned in one period becomes in effect part of the principal in a following period.

Browse or run a search for Compound Interest in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Compound Interest in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Compound Interest in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Compound Interest in the Legal Abbreviations and Acronyms Dictionary.

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Interest.

Concept of Compound Interest in the context of Real Property

A short definition of Compound Interest: Interest paid on accumulated interest as well as on the principal.

Concept of Compound Interest in the context of Real Property

A short definition of Compound Interest: Interest paid on accumulated interest as well as on the principal.