Examlex
Which of the following messages should be written inductively?
Redeemed
Refers to the act of exchanging a financial instrument, such as a bond or coupon, for cash or goods.
Interest Rates
The percentage of a loan or deposit amount charged as interest to the borrower or paid to the investor.
Escalating Rate GIC
A Guaranteed Investment Certificate (GIC) with an interest rate that increases at predetermined intervals throughout the term.
Fixed-rate GIC
Guaranteed Investment Certificate with a fixed interest rate for the term of the investment.
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