Guaranteed Investment Contract

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 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

Additional Related Terms: 401(k) plan, 403(b) plan, 457 plan, Allowance for depreciation, Adjustable rate, Accrual of discount, Accrued interest, Amortization of premium, At par, All or any part