Examlex
Which value is derived from the need for variety and achieving an exciting life?
Defined-contribution Plan
Defined-contribution Plan is a retirement savings plan where the amount contributed by the employer or employee is specified, but the future benefit amount is not guaranteed.
Contributory Plan
A pension plan in which contributions are made jointly by employees and employers
Registered Retirement Savings Plan
A retirement savings and investing tool for employees and the self-employed in Canada, offering tax benefits.
Pay-as-you-go Philosophy
A financial strategy where expenses are paid for as they occur, rather than using credit or accumulating debt.
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