Several Provinces Have Eliminated the Expiry Dates for Gift Cards

question 54

Essay

Several provinces have eliminated the expiry dates for gift cards with a dollar value. What challenges this does this create for businesses issuing gift cards?

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs, held by an individual or an institution.

Risk Aversion

The preference to avoid uncertainty and potential loss in investment decisions, favoring safer or less volatile investments.

Historical Standard Deviation

It measures the variability or dispersion of historical returns of an investment around its average return over a certain period, indicating the investment's risk level.

Expected Return

The predicted average return on an investment calculated by adding together all possible returns weighted by the likelihood of each occurring.