compound interest account - meaning and definition. What is compound interest account
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What (who) is compound interest account - definition

INTEREST
Compound Interest Treasury Note
  • 500}} 1865 compound interest treasury note

Controlling account         
ACCOUNT IN THE GENERAL LEDGER FOR WHICH A CORRESPONDING SUBSIDIARY LEDGER HAS BEEN CREATED, ALLOWING FOR TRACKING TRANSACTIONS WITHIN THE CONTROLLING ACCOUNT IN MORE DETAIL
Control Account; Control account
In accounting, the controlling account (also known as an adjustment or control accountcontrol account definition in Financial Times lexicon) is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
Compound (linguistics)         
  • Sewage-treatment-facility - The German language has many compounds.
LEXEME THAT CONSISTS OF MORE THAN ONE STEM
Nominal compound; Compound noun and adjective; Compound word; Compound noun, adjective and verb; Compound words; Nominal composition; Noun compound; Word-compounding; Compound nouns; Compound nominal phrase; Compound preposition; Compound term; Nominal compositum; Compound Words; Compound (linguistics; Linguistic compounding; Parasynthetic compound; Word composition; Composed word; Composition (word); Composition (linguistics); Open compound; Spaced compound; Closed compound
In linguistics, a compound is a lexeme (less precisely, a word or sign) that consists of more than one stem. Compounding, composition or nominal composition is the process of word formation that creates compound lexemes.
checking account         
  • 1967 letter by the [[Midland Bank]] to a customer, informing on the introduction of electronic data processing and the introduction of account numbers for current accounts
FINANCIAL PRODUCT
Share draft; Checking account; Demand deposit account; Demand Deposits; Other Checkable Deposits; Checkable deposit; Checkable deposits; Checking deposits; Checking Deposits; Checking Accounts; Chequing account; Demand Account; Current account (banking); Checking accounts; Demand account; High yield checking account; High Yield Checking; Reward Checking; Commercial account; Business account; High-yield checking accounts; High-yield checking account; Current accounts; Transactional account; Payment account
(checking accounts)
A checking account is a personal bank account which you can take money out of at any time using your cheque book or cash card. (AM; in BRIT, usually use current account
)
N-COUNT

Wikipedia

Compound interest treasury note

Compound interest treasury notes were emissions of the United States Treasury Department authorized in 1863 and 1864 with aspects of both paper money and debt. They were issued in denominations of $10, $20, $50, $100, $500 and $1,000. While they were legal tender at face value, they were redeemable after three years with six percent annual interest compounded semi-annually. In the absence of efficient investment banks, the hybrid nature of these instruments allowed the government to directly distribute debt by paying the notes out to creditors as legal tender, and then relying on interest-seeking parties to eventually remove them from circulation in order to redeem them with interest at maturity. Thus, in theory, the notes did not contribute to monetary inflation as did the greenbacks.

At the time of their issue, investors were accustomed to receiving interest via semi-annual coupons. The compound interest notes were an innovation in that they paid interest only at maturity but compensated for the lack of immediate coupons by paying an escalated amount of interest for each six-month period. Each note presents an ornate table on the reverse containing details of the interest calculation.