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-Epithet for members of the Society of Friends. Their belief that God spoke directly to each individual through an "inner light" and that neither clergy nor the Bible was essential to discovering God's Word put them in conflict with orthodox Puritans.
Withdraw
Withdrawing money from a bank account or an investment.
Monthly Compounded
Interest that is calculated on the principal and previously earned interest once every month.
Nominal Rate
The advertised or stated rate of interest, not including the effects of inflation or compounding.
RRSP
Registered Retirement Savings Plan, a savings and investment vehicle for Canadians to save for retirement in a tax-efficient way.
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