Using a Name or Description of an Item That You

question 106

Essay

Using a name or description of an item that you can't point to, provide a definition by example for "ambiguous claim." If you have difficulty doing so, try to identify the source of the trouble.

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Definitions:

Simple Interest

Interest calculated on the principal or original amount of a loan or investment, without compounding.

GICs

Guaranteed Investment Certificates (GICs) are Canadian investment vehicles offering a guaranteed rate of return over a fixed period of time.

Investor

An individual or organization that allocates capital with the expectation of achieving a financial return.

Promissory Note

An economic tool comprising a formal pledge by one entity to give a specific amount of money to another, either upon request or at a predetermined future time.