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Compound Interest

3 definitions found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Compound \Com"pound\, adjective [OE. compouned, p. p. of compounen. See {Compound}, verb (used with an object)] Composed of two or more elements, ingredients, parts; produced by the union of several ingredients, parts, or things; composite; as, a compound word.

Compound substances are made up of two or more simple substances. --I. Watts.

{Compound addition}, {subtraction}, {multiplication}, {division} (Arith.), the addition, subtraction, etc., of compound numbers.

{Compound crystal} (Crystallog.), a twin crystal, or one seeming to be made up of two or more crystals combined according to regular laws of composition.

{Compound engine} (Mech.), a form of steam engine in which the steam that has been used in a high-pressure cylinder is made to do further service in a larger low-pressure cylinder, sometimes in several larger cylinders, successively.

{Compound ether}. (Chem.) See under {Ether}.

{Compound flower} (Bot.), a flower head resembling a single flower, but really composed of several florets inclosed in a common calyxlike involucre, as the sunflower or dandelion.

{Compound fraction}. (Math.) See {Fraction}.

{Compound fracture}. See {Fracture}.

{Compound householder}, a householder who compounds or arranges with his landlord that his rates shall be included in his rents. [Eng.]

{Compound interest}. See {Interest}.

{Compound larceny}. (Law) See {Larceny}.

{Compound leaf} (Bot.), a leaf having two or more separate blades or leaflets on a common leafstalk.

{Compound microscope}. See {Microscope}.

{Compound motion}. See {Motion}.

{Compound number} (Math.), one constructed according to a varying scale of denomination; as, 3 cwt., 1 qr., 5 lb.; -- called also {denominate number}.

{Compound pier} (Arch.), a clustered column.

{Compound quantity} (Alg.), a quantity composed of two or more simple quantities or terms, connected by the sign + (plus) or - (minus). Thus, a + b - c, and bb - b, are compound quantities.

{Compound radical}. (Chem.) See {Radical}.

{Compound ratio} (Math.), the product of two or more ratios; thus ab:cd is a ratio compounded of the simple ratios a:c and b:d.

{Compound rest} (Mech.), the tool carriage of an engine lathe.

{Compound screw} (Mech.), a screw having on the same axis two or more screws with different pitch (a differential screw), or running in different directions (a right and left screw).

{Compound time} (Mus.), that in which two or more simple measures are combined in one; as, 6-8 time is the joining of two measures of 3-8 time.

{Compound word}, a word composed of two or more words; specifically, two or more words joined together by a hyphen.

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Interest \In"ter*est\, noun [OF. interest, F. int['e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See {Essence}.]

1. Excitement of feeling, whether pleasant or painful, accompanying special attention to some object; concern; a desire to learn more about a topic or engage often in an activity. [1913 Webster +PJC]

Note: Interest expresses mental excitement of various kinds and degrees. It may be intellectual, or sympathetic and emotional, or merely personal; as, an interest in philosophical research; an interest in human suffering; the interest which an avaricious man takes in money getting.

So much interest have I in thy sorrow. --Shak.

2. (Finance, Commerce) Participation in advantage, profit, and responsibility; share; portion; part; as, an interest in a brewery; he has parted with his interest in the stocks.

3. Advantage, personal or general; good, regarded as a selfish benefit; profit; benefit.

Divisions hinder the common interest and public good. --Sir W. Temple.

When interest calls of all her sneaking train. --Pope.

4. (Finance) A fee paid for the use of money; a fee paid for a loan; -- usually reckoned as a percentage; as, interest at five per cent per annum on ten thousand dollars.

They have told their money, and let out Their coin upon large interest. --Shak.

5. Any excess of advantage over and above an exact equivalent for what is given or rendered.

You shall have your desires with interest. --Shak.

6. The persons interested in any particular business or measure, taken collectively; as, the iron interest; the cotton interest.

{Compound interest}, interest, not only on the original principal, but also on unpaid interest from the time it fell due.

{Simple interest}, interest on the principal sum without interest on overdue interest.

From WordNet (r) 3.0 (2006) [wn]:

compound interest

noun

1: interest calculated on both the principal and the accrued interest

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Definitions retrieved from the Open Source DICT English and WordNet 3.0 dictionaries. Click here for database copyright information.

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