Examlex
The terms effectiveness and efficiency are often used interchangeably from an organizational perspective.
GIC
Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period, typically without the risk of losing the principal invested.
Investor
An individual or entity that allocates capital with the expectation of receiving financial returns.
Nominal Interest Rate
The interest rate as stated on a loan or financial product, not taking into account inflation or fees.
Annual Compounding
The method of accruing interest on the main amount of a deposit or loan annually.
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