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Definition of Say's Law
Belief that supply creates its own demand.
State laws covering the issue and trading of securities.
With respect to a project financing, an arrangement under which the sponsors of a project
Whatever measure of the money supply is chosen for application of the monetarist rule will soon begin to misbehave.
The mean of a random sample approaches the mean (expected value) of the
An economic rule stating that a given security must have the same price regardless of the
Theory that prices of goods in all countries should be equal when translated to a common currency.
Changes in employment give rise to greater-than-proportional changes in output, by a factor of about 2.5.
An agreement to contribute as equity to a project the value of all previously
This is the person who benefits from the terms of a trust, a will, an RRSP, a RRIF, a LIF, an annuity or a life insurance policy. In relation to RRSP's, RRIF's, LIF's, Annuities and of course life insurance, if the beneficiary is a spouse, parent, offspring or grand-child, they are considered to be a preferred beneficiary. If the insured has named a preferred beneficiary, the death benefit is invariably protected from creditors. There have been some court challenges of this right of protection but so far they have been unsuccessful. See "Creditor Protection" below. A beneficiary under the age of 18 must be represented by an individual guardian over the age of 18 or a public official who represents minors generally. A policy owner may, in the designation of a beneficiary, appoint someone to act as trustee for a minor. Death benefits are not subject to income taxes. If you make your beneficiary your estate, the death benefit will be included in your assets for probate. Probate filing fees are currently $14 per thousand of estate value in British Columbia and $15 per thousand of estate value in Ontario.
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