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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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.
Traditional guaranteed investment contracts are the cornerstone of many a pension-fund management strategy.
The Class A2 notes (AUD525m) were repaid from issuance of Class A2-R notes, as the Guaranteed Investment Contract account balance was zero.
The plaintiffs pointed to guaranteed investment contracts, or GICs, as an example.
Collective investment trusts held 21% of assets, guaranteed investment contracts held 12%, separate accounts held 3%, and the remaining 18% was invested in individual stocks (including company stock), bonds, brokerage, and other investments.
* Documentation pertaining to any investment of bond proceeds, including the purchase and sale of securities, SLG subscriptions, yield calculations for each class of investments, investment income received from the investment of proceeds, guaranteed investment contracts, and rebate calculations and reports;
The addition aims to preserve principal and generate high levels of current income by investing in guaranteed investment contracts, money market mutual funds and other stable value products.
The fund is a stable value fund aimed at preserving principal and generating high levels of current income by investing in guaranteed investment contracts, money market mutual funds and other stable value products.
The FSOC has shown that synthetic guaranteed investment contracts and variable annuity risks make it skittish.
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).
"JPMorgan Chase announced today that it has agreed to a settlement with the Internal Revenue Service under which JPMorgan Chase will pay $50 million for certain regulatory violations of the Internal Revenue Code committed in connection with JPMorgan Chase's role in providing or bidding on guaranteed investment contracts, swaps and other contracts with the issuers of municipal bonds or with entities which borrowed the proceeds of such bonds from the issuer thereof or otherwise were the beneficiaries of such bonds.
According to the Department of Justice, Kanefsky's firm was hired by municipal governments to act as their broker and conduct competitive bidding processes for the award of investment agreements, known as guaranteed investment contracts, or GICs.

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