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 ?
The Issuer continues to comply with its obligations under the documents entered into in relation to the Transaction and the Notes and is satisfied that the GIC Provider is complying with and performing its obligations under the Guaranteed Investment Contract and the GIC Guarantee.
Standard & Poor's expects variable annuity and guaranteed investment contract growth will continue in 2000, spurred by new products and advantageous market conditions.
Among the several investment choices in the plan were guaranteed investment contracts issued by the Executive Life Insurance Co.
The IRS had taken the position that certain aspects of the bidding process for the guaranteed investment contract (the "Agreement") involved an "abusive arbitrage device.
NYSE: MBI) announced today that a recent California Supreme Court ruling clears the way for MBIA to receive recoveries on a defaulted bond issue backed by a guaranteed investment contract (GIC) from Executive Life Insurance Co.
Survey respondents also predicted problems for life insurers who wrote guaranteed investment contracts or offered guaranteed benefits to their policyholders.
Mainstream ideas include stable value funds that have short- and medium-term bonds, guaranteed investment contracts and insurance to keep the fund's net-asset value stable.
According to the Financial Accounting Standards Board, questions have been raised regarding proper accounting for such contracts as insurance contracts, guaranteed investment contracts and synthetic GICs since issuance of its Statement No.
The changes give local governments the ability to contract with outside investment firms, use guaranteed investment contracts that allow for a specific rate of return on investment capital, and municipalities with fewer than five full-time employees now can decrease their training requirements.
Traditional guaranteed investment contracts are the cornerstone of many a pension-fund management strategy.
The Financial Accounting Standards Board issued exposure drafts on fair value for guaranteed investment contracts (GICs) and on accounting for reinsurance contracts as well as an interpretation about offsetting amounts related to specific contracts.
Insurance companies are concerned about (i) liquidity problems emanating from their guaranteed investment contracts and (ii) existing mortgages on properties having significant lease rollovers.

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