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on the money

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
on the money and on the nose
exactly right; in exactly the right place; in exactly the right amount (of money). That's a good answer, Bob. You're right on the money. This project is going to be finished right on the nose.
See also: money

(right) on the money
exactly right or correct right on You were right on the money when you said that I would really like that book.
See also: money


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In essence, they are paying you interest on the money they have already paid you in interest.
This means that you are not only earning interest on the money placed into the savings account but you are earning interest on the interest that is being paid.
 
 
 
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