See Also: Guaranteed investment contract (GIC)(finance)
Guaranteed investment contract (GIC)(money)
Guaranteed insurance contract(finance)
Guaranteed insurance contract(money)
Bank investment contract (BIC)(finance)
Bank Investment Contract (BIC)(money)
Guaranteed Sale(money)
Guaranteed bond(finance)
Guaranteed insurability(finance)
Guaranteed bond(money)

Guaranteed investment contract (GIC) (money)


Definition: [crh]  A pure investment product in which a life company agrees, for a single premium, to pay at a Definition: rd=maturity+date">maturity date the principal amount of a predetermined annual crediting (interest) rate over the life ofDefinition: the investment.