Twitter Google Share on Facebook (redirected fromGuaranteed Interest Contract) Acronyms Guaranteed investment contract (GIC) A pureinvestmentproduct in which a lifecompanyagrees, for a singlepremium, to pay at amaturity datetheprincipalamount of a predetermined annualcrediting (interest) rateover the li...
an interest rate for crediting to the account value, the interest rate is selected from one of a guaranteed interest rate and a periodic reset interest rate; offering, via the processor, an interest rate lock-in feature; issuing, via the communications device, the deferred annuity contract; and...