Examlex
What are key issues in managing accounts payable?
GIC
In Canada, a Guaranteed Investment Certificate is a type of investment that guarantees a fixed return rate over a certain period.
Compounded Annually
Interest on an investment calculated once a year, where each year's interest adds to the principal.
GIC
Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period of time, usually with higher interest rates for longer terms.
Rising Rate
An increasing trend in interest or inflation rates over a certain period.
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