Examlex
Canada is a large First-World nation that is both bilingual and multicultural.
Retirement Account
A financial account designed for saving money towards retirement, often offering tax benefits.
Contributions
Payments or services provided by individuals or organizations towards a common fund or cause, often used in the context of charitable donations or participation in joint projects.
Loss Aversion
A concept in behavioral economics indicating that people tend to prefer avoiding losses to acquiring equivalent gains; it's the idea that the pain of losing is psychologically about twice as powerful as the pleasure of gaining.
Recognize the Loss
The accounting practice of formally acknowledging that a financial asset has decreased in value, typically realized through a transaction or assessment.
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