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.
This idea of earning interest on interest is called compound interest. Forexample, if you invest S100 at 10% interest compounded annually, after one yearyou will earn S10 in interest, giving you a new balance of S110. The next yearyou will earn another 10% or S11, giving you a new balance of S121.