Meaning PARTICIPATING GIC: A guaranteed investment contract whose policyholder is not guaranteed a crediting rate, but instead receives a return based on the actual experience of the portfolio managed by the life insurance company
More terms such as Participating GIC in Dictionary P.
- Definition Piggybacking:
- Examples trading stocks, bonds or commodities in a personal account following a trade just made for a customer. The broker assumes that the customer is making the trade on valuable inside information. Illegal participating gic definition.
- Definition Policy Limit:
- Examples The maximum dollar amount of coverage provided by an insurance company for a certain policy participating gic explain.
- Definition Phone Switching:
- Examples between funds in the same mutual fund family by telephone request. There may be a charge associated with these transfers. Phone switching is also possible among different fund families if the funds participating gic what is.
- Definition Payment Float:
- Examples Company-written checks that have not yet cleared participating gic meaning.
- Definition Paying Agent:
- Examples An agent who makes principal and interest payments to bondholders on behalf of the issuer participating gic abbreviation.
