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Semi-annual Compounding
The process of calculating interest where the accumulated interest is added to the principal sum twice a year.
GICs
Guaranteed Investment Certificates, fixed-term deposits offered by Canadian banks that guarantee a certain rate of return over a specified period.
Regulatory Approval
The official permission granted by governing bodies for a product or service to be legally sold or distributed.
Pharmaceutical Company
A company involved in the research, development, production, and marketing of drugs or pharmaceuticals.
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