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 Going Out:
- Examples Used in the context of general equities. Soliciting/advertising over the SS1, NASDSAQ, or Autex guaranteed investment contract (gic) definition.
- Definition General Revenue:
- Examples The sum of taxes, charges, and miscellaneous income taken in at the state and local level while neglecting overlapping revenue which may be erroneously counted twice guaranteed investment contract (gic) explain.
- Definition Gestation Repo:
- Examples repurchase agreement between mortgage firms and securities dealers. Under the agreement, the firm sells federal agency-guaranteed MBS and simultaneously agrees to repurchase them at a future date at guaranteed investment contract (gic) what is.
- Definition Guarantee Letter:
- Examples A commercial bank's letter assuring payment of the exercise price of a client's put option guaranteed investment contract (gic) meaning.
- Definition GNMA-II:
- Examples securities (M.B.S.) on which registered holders receive an aggregate principal and interest payment from a central paying agent on all their certificates. Principal and interest payments are guaranteed investment contract (gic) abbreviation.
