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.
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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