GIC. Debt instrument issued by an insurance company, usually in a large denomination, and often bought for retirement plans. The interest rate paid is guaranteed, but the principal is not. also called guaranteed interest contract.
Related information about Guaranteed Investment Contract:
- Guaranteed investment contract - Wikipedia, the free encyclopedia
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 Contract (GIC) Definition | Investopedia
Insurance contracts that guarantee the owner principal repayment and a fixed or floating interest rate for a predetermined period of time.
- GIC - Guaranteed Investment Contract Definition & Example ...
We explain the definition of Guaranteed Investment Contract (GIC), provide a clear example of how it works and explain why it's an important concept in ...
- Guaranteed Investment Contract financial definition of Guaranteed ...
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 ...
- Guaranteed Investment Contracts (GICs) - Financial Web
Guaranteed investment contracts are similar to certificates of deposit that can be purchased at banks; however, they are sold by insurance companies.
- The Guaranteed Investment Contract (GIC) - Society of Actuaries
rate on new GICs is always closely related to current, or "spot," long-term interest rates. Sometimes the. VI. The Guaranteed Investment Contract (GIC). 265 ...
- Issue A16 - FASB FAS 133 Derivatives Implementation
Before considering the derivative implications of a synthetic guaranteed investment contract (GIC), a traditional GIC must be understood. In a traditional GIC, the ...
- Guaranteed Investment Contract (GIC) - benefits
Guaranteed investment contracts (GICs) are a type of financial instrument available to investors. Primarily based on an article by Kleiman and Sahu in the ...