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Why should employers not challenge all unemployment compensation claims that are filed?
Maturity
The time when a financial instrument, such as a bond or loan, reaches its due date and is to be paid off.
Compound-interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods.
GIC
A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period, often issued by banks or trust companies.
Maturity Value
The sum of money an investor receives at the conclusion of a fixed-term investment, which encompasses both the original investment and the earned interest.
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