Examlex
A doctor is interested in surveying the patients of his practice. She collects their names and provides each patient name with a unique number. Then, she chooses her sample using a random number generator. What type of sampling has she just conducted?
Strip Bond
A financial instrument representing a portion of a debt security without periodic interest payments, where the investor receives the face value at maturity.
Maturity
The time when a financial instrument, such as a bond or loan, reaches its due date and is to be paid off.
Compound-interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods.
GIC
A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period, often issued by banks or trust companies.
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