compounding
Pronunciation
Noun
B1 Intermediate
Quick answer
The process by which interest or growth builds on both the original amount and previously added amounts, making the total grow faster over time.
Test yourself
Which word fits the gap? "The power of _____ means even small investments can grow significantly over several decades."
Answer: compounding
In your own words, what does "compounding" mean?
The process by which interest or growth builds on both the original amount and previously added amounts, making the total grow faster over time.
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