Meaning GUARANTEED INVESTMENT CONTRACT (GIC): A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment
More terms such as Guaranteed investment contract (GIC) in Dictionary G.
- Definition Government Obligations:
- Examples U.S. government-backed debt instruments, which are considered among the safest investments possible, including Treasury bonds, bills, and notes, and savings bonds guaranteed investment contract (gic) definition.
- Definition Growth Phase:
- Examples A phase of development during which a company experiences rapid earnings growth as it produces new products and expands market share guaranteed investment contract (gic) explain.
- Definition Glamor Stock:
- Examples A popular stock characterized by high earnings growth rate and a price that rise is faster than the market average in a bull market guaranteed investment contract (gic) what is.
- Definition Go Around:
- Examples Describes the N.Y. Federal Reserve Bank's trading desk practice of communicating with primary dealers to establish a market of bids and offers on behalf of the Federal Open Market Committee guaranteed investment contract (gic) meaning.
- Definition Grandfather Clause:
- Examples A provision included in a new rule or regulation that exempts a business that is already conducting business in the area addressed by the regulation from penalty or restriction guaranteed investment contract (gic) abbreviation.
