MLchartDataset catalogue

Guaranteed investment contract GIC

Term · Insurance and risk management · MLC-T-INS-001690

A contract issued by an insurance company that guarantees a specific rate of return on a lump-sum deposit over a fixed period. GICs are commonly used by pension plans and other institutional investors to provide stable, predictable returns. The principal and interest are guaranteed by the issuing insurance company.

Table 1. Record
IdentifierMLC-T-INS-001690
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001690",
  "term": "Guaranteed investment contract GIC",
  "field": "Insurance and risk management",
  "definition": "A contract issued by an insurance company that guarantees a specific rate of return on a lump-sum deposit over a fixed period. GICs are commonly used by pension plans and other institutional investors to provide stable, predictable returns. The principal and interest are guaranteed by the issuing insurance company.",
  "url": "https://mlchart.com/terminology/insurance/guaranteed-investment-contract-gic/"
}

Record 1,611 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.