- guaranteed investment contract
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guaranteed investment contract see contract
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
guaranteed investment contract
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Guaranteed Investment Contract — A guaranteed investment contract (GIC) is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies … Wikipedia
Guaranteed Investment Contract - GIC — Insurance contracts that guarantee the owner principal repayment and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by insurance companies and marketed to institutions… … Investment dictionary
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. Bloomberg Financial… … Financial and business terms
guaranteed investment contract — (GIC) Retirement investment product offered by insurance companies. ► “Most 401(k) plans offer some type of stable value investment option. Plan sponsors have chosen GICs, which are bond like obligations issued by insurance companies and pay… … American business jargon
Window Guaranteed Investment Contract — A type of investment plan where a series of payments are made to an insurance company, and the principal and interest rate are guaranteed by the insurance company to which payments are made. Window guaranteed investment contracts are similar to… … Investment dictionary
Guaranteed investment contract (GIC) — A pure investment product in which a life company agrees, for a single premium, to pay the principal amount of a predetermined annual crediting ( interest) rate over the life of the investment, all of which is paid at the maturity date. The New… … Financial and business terms
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
Bank Investment Contract — ( BIC) interest guaranteed by the bank in a portfolio over a specific time frame with a specific yield. Bloomberg Financial Dictionary … Financial and business terms
Guaranteed Return on Investment Contract — Refer instead to market linked deposit … International financial encyclopaedia
Bank Investment Contract - BIC — A security with an interest rate guaranteed by a bank. It provides a specific yield on a portfolio over a specified period. A BIC is a relatively safe investment, but it provides a low rate of return … Investment dictionary
