compound interest
Defined in 6 dictionaries — Case Law, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Black's (1891)
Definitions from Case Law
From 270 U.S. 476 - Cherokee Nation v. United States · 1926Most cited · 182 citing opinions
What the appellant here seeks is compound interest; that is, interest on interest from 1895 until now. The general rule, even as between private persons, is that, in the absence of a contract therefor or some statute, compound interest is not allowed to be computed upon a debt.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
A compensation for the use of money due as interest but not paid, generally called interest upon interest. Interest computed upon interest after maturity is compound interest. 23 111. 323; 32 111. App. 362.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Interest upon interest; for example, when a sum of money due for interest is added to the principal, and then bears interest. This is not hi general, allowed. See Ihtkb
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A Dictionary of Law
Henry Campbell Black · 1891
Interest upon interest, 7. e., when the interest of asum ot money is added to the principal, and then bears interest, which thus becomes a sort of secondary principal. a