compound rate Meaning in the Cambridge English Dictionary
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Meaning of “compound rate” in the English Dictionary

"compound rate" in Business English

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compound ratenoun [C]

uk   us   (also compounded rate)
FINANCE a ​rate of ​interest that is ​calculated on both the ​amount of ​moneyinvested or ​borrowed and the ​interest that has been ​added to it: Once the ​property is ​sold the ​mortgage will need to be ​repaidplusinterest, which is ​charged at a ​compoundrate - ​currently 7.85%.
(Definition of compound rate from the Cambridge Business English Dictionary © Cambridge University Press)
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