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Balance of Year Contribution Receipt - Receipt issued for contributions
made to an RRSP from the 61st day to December 31st of the calendar year.
This receipt can only be applied to the current or future tax year. (Also
see "First 60 days Contribution Receipt").
Balanced Fund - A mutual fund that buys a combination of common
stocks, preferred stocks, bonds and short-term bonds to provide both income
and capital appreciation while avoiding excessive risk.
Beneficiary - An individual, institution, trustee or estate which
receives, or may become eligible to receive a benefit under a will, retirement
plan or other contract
Book Value - The initial purchase value of the funds - which may
be higher or lower than the current market value. |
