Examlex
An unearned (deferred)revenue is reported as a liability because cash has been collected,but the related revenue has not been earned by the end of the accounting period.
Promissory Note
A finance-related written assurance where one party obligates to pay the other a clearly defined monetary amount, either when required or at a particular future time.
Discounted
Refers to the process of determining the present value of a future amount of money or stream of cash flows given a specific rate.
TD Canada Trust
One of Canada's prominent banking and financial services providers, known for offering a wide range of personal and business banking solutions.
GICs
Guaranteed Investment Certificates are financial products in Canada offering an assured interest rate over an agreed-upon term.
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