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 Probability Distribution:
- Examples A function that describes all the values a random variable can take and the probability associated with each. Also called a probability function participating gic definition.
- Definition Phantom Stock Plan:
- Examples An incentive scheme that awards management bonuses based on increases in the market price of the company's stock participating gic explain.
- Definition Pension Benefit Guaranty Corporation (PBGC):
- Examples A federal agency that insures the vested benefits of pension plan participants (established in 1974 by the ERISA legislation participating gic what is.
- Definition Price Takers:
- Examples Individuals who respond to rates and prices by acting as though prices have no influence on them participating gic meaning.
- Definition Personal Exemption:
- Examples Amount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation participating gic abbreviation.
