Stepparents Can Assure Themselves of the Same Rights as Biological

question 21

Multiple Choice

Stepparents can assure themselves of the same rights as biological parents by:

• A) changing the original divorce settlement.
• B) providing financial support.
• C) developing a marital contract.
• D) adopting stepchildren.

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Definitions:

Compound Interest CSB

The calculation of interest on a Canada Savings Bond (CSB) where interest earned also earns interest over time.

Redemption Value

The value at which a bond or other debt instrument can be redeemed before its maturity by the issuer.

Compound-Interest GIC

A Guaranteed Investment Certificate (GIC) where interest is compounded periodically and added to the principal balance, leading to interest earnings on interest.

Maturity Value

The amount that will be payable to the holder of a financial instrument at the date of its maturity, incorporating the principal and any interest earned.