Examlex
Asset maintenance involves only the recording of depreciation charges.Physical improvements are always expensed.
Monthly Payments
Regular payments made towards a loan or mortgage each month.
Compounded Semi-Annually
Calculation of interest on the initial principal and the accumulated interest over the first 6 months repeated every half year.
RRSP
Registered Retirement Savings Plan, a Canadian investment vehicle that allows for tax-deferred savings towards retirement.
Contributions
Money that individuals or entities provide towards a common pool or fund, often for purposes like retirement savings plans or investment funds.
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