Indexed Guaranteed Investment Contract (gic)
Type of guaranteed investment contract in which the interest rate credited is tied to an external index such as the United States Treasury Bond Index.
Popular Insurance Terms
Coverage for a mortgagee where real or personal property, used as security for a loan, is damaged or destroyed. For example, a bank (mortgagee) lends money to an individual (mortgagor) who ...
Method of calculating the primary insurance amount (PIA) for Social Security benefits. Employees' covered monthly earnings are adjusted to reflect changes in the national average annual ...
Trade association located in New York City, consisting of approximately 200 captive insurance companies. The objective of the association is to further the common interests of its members. ...
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Health plan that pays a flat fee for each patient it covers. ...
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