A guaranteed investment contract purchased with a single (one-shot) premium. Related: Window contract.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved