Guaranteed Investment Contract - GIC

Dictionary Says

Definition of 'Guaranteed Investment Contract - GIC'

Insurance contracts that guarantee the owner principal repayment and a fixed or floating interest rate for a predetermined period of time.
Investopedia Says

Investopedia explains 'Guaranteed Investment Contract - GIC'

Guaranteed investment contracts are typically issued by insurance companies and marketed to institutions that qualify for favorable tax status under federal laws. These products provide institutions with guaranteed returns.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Institutional Investor

    A non-bank ...
  2. Interest

    1. The charge ...
  3. Life Insurance

    A protection ...
  4. Principal

    1. The amount ...
  5. Stable Value Fund

    An investment ...
  6. Funding Agreement

    A low-risk, ...
  7. National Average Wage Index - NAWI

    An index ...
  8. 403(b) Plan

    A retirement ...
  9. Financial Intermediary

    An entity that ...
  10. Agent

    1. An individual ...

Articles Of Interest

  1. Life Insurance: Putting A Price On Peace Of Mind

    Would your death leave loved ones financially stranded? Find out how to ease your mind and keep them protected.
  2. How An Insurance Company Determines Your Premiums

    Find out how insurers use credit history to build an insurance score and how it could affect your bottom line.
  3. Is there a form of insurance for my investments?

  4. Market Capitalization Defined

    Find out the differences between mega-, large-, mid- and small-cap stocks and how each suits different investing styles.
  5. In Small Business, Success Is Spelled With 5 "C"s

    Incorporating these steps will help your business thrive in a competitive market.
  6. Retirement Savings Tips For 35- To 44-Year-Olds

    Learn how the "sandwich generation" can save for retirement while taking care of their kids and parents.
  7. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.
  8. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.
  9. Will Filing An Insurance Claim Raise Your Rates?

    An accident can mean higher insurance costs - even if it wasn't your fault.
  10. Are High-Yield Bonds Too Risky?

    Despite their reputation, the debt securities known as "junk bonds" may actually reduce risk in your portfolio.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center