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.
How much do you pay or earn in interest? It depends on the interest rate, which is usually quoted as a percentage rate per year. A higher rate means the borrower pays more. For example, an interest rate of 10% per year and a balance of $100 results in interest charges of $10 per year assuming you use simple interest.