Examlex
If sentences with different emotional tones are presented to each ear,
Guaranteed Investment Certificate
A secure investment that guarantees to return the principal amount plus interest at a specified rate.
Compounded Annually
Interest calculation method where interest is added to the principal at the end of each 12-month period.
Annual Rate of Decline
The percentage at which a value decreases over the course of one year.
Strip Bond
A debt security that has had its principal and coupon payments detached and sold separately as zero-coupon bonds.
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