Guaranteed investment contract
id:
guaranteed-investment-contract-236-4334274
title:
Guaranteed investment contract
text:
A guaranteed investment contract (GIC) is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies qualified for favorable tax status under the Internal Revenue Code. A GIC is used primarily as a vehicle that yields a higher return than a savings account or United States Treasury securities and GICs are often used as investments for stable value fund
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Guaranteed_investment_contract
date created:
date modified:
2023-01-23T18:01:26Z
main entity:
{"identifier":"Q5613928","url":"https://www.wikidata.org/entity/Q5613928"}
image:
fields total:
13
integrity:
13