Financial Definition of Guaranteed Investment Contract (Gic)
Meaning of 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.
Related Entries of Guaranteed Investment Contract (Gic) in the Encyclopedia of Law Project
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Guaranteed Investment Contract (Gic) in Historical Law
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Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Guaranteed Investment Contract (Gic) in the Legal Abbreviations and Acronyms Dictionary.
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| Related topics | Guaranteed Investment Contract (Gic) in the World Encyclopedia of Law |
What is Guaranteed Investment Contract (Gic)?
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