A temporary resident must apply to extend their period of authorized stay before it ends. If they have done so, their period of authorized stay as a temporary resident is extended by law until a decision is made [R183(5)]. Such a person is considered to have implied status as a temporary resident during that period.
DEFINITION of 'Times Interest Earned-TIE'. A metric used to measure a company's ability to meet its debt obligations. It is calculated by taking a company's earnings before interest and taxes (EBIT) and dividing it by the total interest payable on bonds and other contractual debt.
Interest is earned monthly and compounded semiannually up to 30 years. Penalty for cashing in early. Loss of last three months of interest if you redeem the bond during the first five years. For example, if you redeem the bond after 18 months, you get the first 15 months of interest.