anatocism
noun
anat·o·cism
əˈnatəˌsizəm
plural -s
: compound interest : the taking of compound interest
Word History
Etymology
Latin anatocismus, from Greek anatokismos, from ana- + tokismos usury, from tokizein to lend on interest (from tokos interest, offspring, from tiktein to beget) + -ismos -ism
First Known Use
circa 1656, in the meaning defined above