Examlex
The standard deduction amount for married filing separately taxpayers (MFS)is less than the standard deduction amount for married filing jointly taxpayers.
Nominal Rate
Nominal Rate refers to the interest rate before adjustments for inflation or other factors. It is the rate quoted on loans and savings without taking into account the real purchasing power of the money.
GIC
Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.
Maturity Value
The total amount that will be paid out or received at the end of a financial instrument's term, including principal and interest.
Semi-Annually Compounded
Interest on an investment or loan that is calculated and added to the principal balance twice a year.
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