Compound growth refers to the gradual increase in something over time, where the growth rate is added on top of the existing growth. It is like a snowball effect, where as time goes on, the growth becomes larger and faster. Full definition
The biggest benefit to a long - term investment is the value of years of compound growth. (creditsesame.com)
Since 2008 auto loans from the Canadian banks have grown at an annual compound growth rate of 21 %, hitting $ 72 billion as of the end of last year. (canadianbusiness.com)
If anybody needs specific proof, just look at 20 % compound growth in board books for the last three years. (porteranderson.com)