Examlex
A software company that has different representatives to assist business clients and individual clients is organized by _____.
Quarterly Compounded
Quarterly compounded means that interest is calculated and added to the principal sum every quarter (three months), leading to growth in the investment or loan amount.
GIC
A financial product in Canada known as a Guaranteed Investment Certificate that promises a specific return rate for a predetermined time frame.
Compounded Semiannually
Compounded semiannually refers to the process of calculating interest on a principal sum where the interest is added to the principal twice a year, causing it to grow at an accelerated rate.
Strip Bond
A debt security that pays no interest and is sold at a discount from its face value, with the investor receiving the bond's face value at maturity.
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