Examlex
What is the function of skin dermal folds and deep skin creases?
Tax-deferred
Tax-deferred refers to investments or accounts that allow earnings to grow without being taxed until the investor takes distributions, typically during retirement.
RRSP
Registered Retirement Savings Plan, a type of Canadian account for holding savings and investment assets, with advantageous tax benefits.
Annuity
A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.
Compounded semi-annually
The process of adding interest to the principal sum of a loan or deposit, or "compounding," twice each year.
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