Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Glossary

>

C

>

Compound Interest

Compound Interest

Typical of credit cards, this is the interest accrued on top of interest that is levied onto a principal debt balance. Essentially, it is "interest on interest" and the opposite of simple interest, which is common of most loan types.

Related Products

Credit Cards Graphic
Credit Cards