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DEFINITIONS - It is common to be unsure or confused about the terms used in the financial industry. We have included several definitions we hope clarify your understanding before you invest. Click on a letter below which is the same as the first letter of the term you wish to define: |
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G |
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Guaranteed Investment Contract (GIC) – a contract sold by an insurance company that guarantees payment of interest on the amount invested for a term usually from one to five years, although longer terms may be available |
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| Copyright © Glenn McDaniel Arts, LLC |
Home | Articles | Definitions | IRA's & 401k's| Contacts
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