Participating Guaranteed Investments Contract Gic


Definition of "Participating guaranteed investments contract (gic)"

Beau Ferguson
  Wilkinson ERA Real Estate

Type of guaranteed investments contract in which the interest credited is adjusted on a periodic basis to reflect the investment earnings of the underlying assets of the contract.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Retroactive Restoration

Reinstatement of an insurance policy or bond to its original face amount (face of policy) after the ...

Multiple Of Gross Earnings Rule

A rule that the price of a house should not exceed about 2 to 2.5 times your family's gross annual e ...

Limitations On Amount Of Monthly Benefits

Clause in some disability income insurance policies under which there is a maximum an insured can re ...

Budget Deficit

Circumstance resulting when government expenditures exceed government income. To finance this differ ...

Term

The period used to calculate the monthly mortgage payment. The term is usually but not always the ...

Losses Paid

Losses representing claims paid. ...

Related Real Estate FAQ

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Rent or Buy - the pros and cons Home Prices - The Extra Costs How To Choose A Realtor 7 Things to Consider Before Moving to a New City Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

How do I file an Insurance Claim? What is an index? What is a lien? What are discount points? What is a mortgage banker?