Examlex
What is an Exception class? Give an example.
Original Loan
The initial amount of money borrowed in a loan agreement before any repayments or interest payments are made.
Guaranteed Investment Certificate
A Guaranteed Investment Certificate (GIC) is a Canadian investment that offers a guaranteed rate of return over a fixed period, often with fixed interest rates.
Compounded Quarterly
Interest that is calculated and added to the principal at the end of every quarter, leading to an increase in the amount of subsequent interest.
Maturity Value
The amount payable to an investor at the end of a fixed term investment, including the principal and interest.
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