An annuity is a life insurance contract that pays out a fixed sum of money annually, for a prescribed period of time, or for the duration of the recipient’s life. Investors invest a lump sum premium at the start of an annuity contract, which is paid back over timer, along with interest.

Factory-built housing has come a long way. There is a world of difference between the poorly insulated mobile homes of the 1960s and the avant-garde architecture of today’s properties. For the last 54 years, Les Industries Bonneville has been refining its offering, steadily raising quality standards and pushing the envelope in terms of design.

Dany Bonneville, Co-President of this company based in Beloeil, spoke to us about the trends in his industry.

An interest rate is a fee collected or paid for the use of a lender’s money or goods. The amount of interest charged by a lender serves as compensation for the loss of an asset’s use. Essentially, interest is a rental fee charged to a borrower for use of an asset.

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When it comes to standard accounting entries, the term “credit” refers to an entry that increases net income, for example. On company balance sheets, debits serve to increase assets when a company buys merchandise for resale, while credits increase the company’s liabilities.

“Mutual Funds” are funds which can invest the pooled money of multiple investors. A mutual fund may take the form of a trust or an investment company with variable capital.

When starting a new job, particularly a FIRST job, we always look forward to discovering just how much will be deposited in our account every two weeks. The only important number is the amount of the deposit…or is it?

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