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Participating GIC |
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Participating GIC A guaranteed investment contract whose policyholder is not guaranteed a crediting rate, but instead receives a return based on the actual experience of the portfolio managed by the life insurance company. Participating GIC A guaranteed investment contract (GIC) that receives a return based on some portfolio of assets held by the insurance company issuing the GIC. This differs from most GICs, in that most pay a fixed return. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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