Guaranteed Investment Contracts (GIC): What It Is and How It Works?
3:34
YouTubeSimple Explain
Guaranteed Investment Contracts (GIC): What It Is and How It Works?
A guaranteed investment contract (GIC) is an agreement between an investor and an insurance company, typically used in retirement plans. The insurer guarantees the investor a certain rate of return in exchange for holding the deposit for a specified period. GICs typically appeal to investors who are either risk averse or looking for a ...
272 viewsFeb 5, 2024
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