Examlex
Using more objective performance appraisal criteria tends to encourage politicking.
Initial Deposit
The first sum of money placed into an account or investment.
Regular Interest
Interest that is paid at a standard rate on investments or charged on loans over a fixed period.
GIC
A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period of time.
Compounded Monthly
A finance term where interest is calculated and added to the principal balance each month, increasing the amount of future interest earned.
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