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- In banking, the term "earn" has the following meanings123:
- Interest that applies to the original deposit as well as any newly earned interest.
- To get money as profit or interest on money you lend, have in a bank, etc.
- Banks aim to earn a profit for their owners by lending money and earning interest on loans.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Interest that applies to the original deposit as well as any newly earned interest. For example, if you put $100 in an account that earns compound interest at 5% a year, in the next year you will earn 5% on $105. Non-compounding interest would continue to earn 5% on $100.www.nerdwallet.com/article/banking/banking-term…[transitive] to get money as profit or interest on money you lend, have in a bank, etc.www.oxfordlearnersdictionaries.com/definition/engli…The loan recipients spend the money they borrow, the bank earns interest on the loans, and the process keeps money moving through the system. Just like any other business, the goal of a bank is to earn a profit for its owners.www.investopedia.com/terms/b/bank.asp - People also ask
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earn verb - Definition, pictures, pronunciation and usage notes ...
WEB[transitive] earn something to get money as profit or interest on money you lend, have in a bank, etc. Your money would earn more in a high-interest account.
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