Compound Interest
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
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.