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.
The value P is the principal balance. The value r is the interest rate (expressed as a decimal), n is the number of times that interest compounds per year and t is the number of years. Interest can compound either frequently (daily or monthly) or infrequently (quarterly, once a year or biannually). The more often your interest compounds, the more interest youâll earn on your investment.