Examlex
The aging of accounts receivable method is based upon the principle that the longer an account is overdue,the higher the risk of nonpayment.
Promissory Note
A monetary tool involving a formal commitment from one party to compensate another party with a specific amount of money, either upon request or at an agreed future time.
Simple Interest
Interest reckoned only on the initial capital, disregarding compounded sums.
Yield
The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.
GICs
Guaranteed Investment Certificates, a type of Canadian investment that offers a fixed return rate over a predetermined period.
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