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Rate
The percentage at which interest is charged or paid, or a measure of change over time.
Compound-Interest
Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Canada Savings Bond
A financial product offered by the Government of Canada that provides a competitive, fixed interest rate over a specified period.
Redeemed
The act of exchanging a financial security or coupon for cash or the value promised.
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