GIC

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GIC

(in Canada) abbreviation for
(Stock Exchange) Guaranteed Investment Certificate: a form of investment that earns interest but is guaranteed not to incur loss
References in periodicals archive ?
Income earned on a guaranteed investment contract and paid into a qualified plan account is not taxed to the participant or the plan until distributions begin.
GUARANTEED INVESTMENT CONTRACT TERMINATED: MEAC's reserve fund guaranteed investment contract with Citigroup Financial Products Inc.
Among the several investment choices in the plan were guaranteed investment contracts issued by the Executive Life Insurance Co.
The bonds are secured by a payment-in-lieu-of-taxes (PILOT) to SIDA by the Carousel Owner, a limited partnership which includes Carousel Enterprises Company, LLC and Carousel General Company, LLC, pursuant to a PILOT Agreement, as well as the interest earnings on the debt service reserve guaranteed investment contract.
On transactions where MBIA does not fully guarantee debt service, but supports the issue via a guaranteed investment contract (GIC) or provides a surety policy on a debt service reserve fund, Fitch will maintain its rating, and its analysis will continue to reflect the transaction's key credit characteristics, while also considering the impact of the guarantor's risk profile.
The proceeds from the sale of funded notes were invested in guaranteed investment contract (GIC) which will cover credit event and floating amount event losses.
The issuer will enter into a guaranteed investment contract (GIC) agreement with KBC Investments Hong Kong Limited (guaranteed by KBC Bank NV), which will allow it to redeem collateral at the purchase price of the principal amounts on the maturity date.
The ratings are based upon the capital structure of the transaction, the quality of the collateral, the Guaranteed Investment Contract (GIC) account, and the overcollateralization coverage tests provided for within the indenture.
NYSE: MET) announced today that it will hold its 2006 Stable Value and Global Guaranteed Investment Contract (GIC) Investor Day on Thursday, June 1, 2006, from 9:00 a.
7 in investments, which are primarily invested in various guaranteed investment contracts (GICs) and money market funds.
Among the 22 percent that are considering making changes, the report states, one in five plan to increase the allocation to traditional guaranteed investment contracts (GICs).
Unfortunately, many routinely mistake the latter for the former; recall Equitable's 1980s Guaranteed Investment Contracts (GICs) that virtually forced this insurer into its second failure in the 20th century when it had to be rescued by AXA, the big European insurer, in the early 1990s.

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