Category: G

Definition A Guaranteed Investment Contract (GIC) is a contract that guarantees the return of principal and a fixed or floating interest rate for a predetermined

Definition Guaranteed Stock is a type of stock where the dividends are guaranteed by a party other than the issuer, usually another corporation. This guarantee

Definition In finance, guidance refers to the information provided by a company regarding its expected future performance. This could include forecasts about profits, revenues, or

Definition The Guideline Premium and Corridor Test (GPT) is a standard used in insurance to determine whether a life insurance contract qualifies as a life

Definition The Guaranteed Minimum Accumulation Benefit (GMAB) is a feature often included in variable annuities. It assures the annuity owner that after a specified period,

Definition A Guaranteed Renewable Policy is a type of insurance policy that obligates the insurer to continue coverage as long as the premiums are paid

Definition A guarantor is a person or entity that agrees to pay a borrower’s debt in case the borrower defaults on a loan obligation. The

Definition Guaranteed Payments to Partners is a financial term referring to the payments that a partner in a business entity receives irrespective of the partnership’s

Definition A Gift Letter is a document provided by an individual giving a gift of money to another, usually used in a real estate transaction.

Definition The G.I. Bill is a U.S. federal law, officially known as the Servicemen’s Readjustment Act of 1944, which provides various benefits to veterans and