Examlex
What types of mutual funds are the most popular in Canada as of May 2017?
Annuity
A financial product, particularly used for retirement savings, that pays out a fixed stream of payments to an individual, typically after investment.
Contribution
An amount of money or assistance given to support a cause or for a common purpose.
Compounded Annually
The method of computing interest that includes the original principal amount and the interest accrued over prior periods each year.
Deferred Annuity
An annuity contract that delays payments until the investor elects to receive them, often until retirement.
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