Term of the day
Bullet GIC
Guaranteed investment contract where a single is made to the account, and both the principal and interest are paid back to the payor at a specific date in the future. This debt instrument, offered by insurance firms, provides i ...
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POPULAR TERMS
WAL
Weighted Average Life (WAL) refers to the average number of years that each dollar in an unpaid principal on a loan or mortgage remains outstanding ...
Operating Loss - OL
A loss resulting from the main business operations. Extraordinary or peripheral income and expenses are not included.
Base Metals
Metals that rust, damaged or wears off easily when exposed to air or moisture. Commercial and industrial applications is where the base metals are ...
Deferred Annuity
A type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them. This type of annui ...
Child Support
Monetary payments made to the custodial parent after finalizing divorce proceedings. The court awards the terms of the child support, which are nor ...
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