FT MarketWatch

GIC

Guaranteed Investment Contract. 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 Terms: 14 Call, Contract, Debt, Denomination, Guarantee, Insurance, Interest, Inc., Instrument, Interest rate, Paid, Principal, Retire, Sue
Other Related Pages: Category: Retirement Starting With: G
Semi Related Terms: 680 CLICK HERE TO VIEW
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