Examlex
The Soviet Union's new conservatism during the 1960s was exemplified by its
Interest Rates
The percentage of a loan or deposit amount charged as interest to the borrower or paid to the investor.
Escalating Rate GIC
A Guaranteed Investment Certificate (GIC) with an interest rate that increases at predetermined intervals throughout the term.
Fixed-rate GIC
Guaranteed Investment Certificate with a fixed interest rate for the term of the investment.
Maturity
The date on which the principal amount of a financial instrument such as a bond or loan is due to be paid in full.
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