HomeDefinitionsCompareDebt Guaranteed investment contract (GIC)The financial definition for Guaranteed investment contract (GIC):A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment. Similar MatchesGuaranteed bondGuaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments. Guaranteed insurabilityGuaranteed insurabilityA life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions. Guaranteed insurance contractGuaranteed insurance contractA contract promising a stated nominal interest rate over some specific time period, usually several years. Further SuggestionsGuaranteed Mortgage Certificates (GMC)Guaranteed renewable policy insurance Guaranteed replacement cost coverage insurance Click to compare definitions of Guaranteed investment contract (GIC) Click to view definitions beginning gu |