Financial

Bullet GIC

A guaranteed investment contract with a single premium and a single payout at the maturity of the contract. Like all GICs, a bullet GIC provides the investor with a guaranteed principal repayment plus interest; it is usually offered by insurance companies. It is a fairly low-risk investment.

Mentioned in

Bullet contract

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.