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Guaranteed bond |
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Guaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments.Guaranteed bond Similar MatchesGuaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Guaranteed sum assuredGuaranteed sum assuredA term used by some life companies which refers to the minimum sum payable by a life policy either on the death of the life assured or on maturity. Guaranteed replacement cost coverage insuranceGuaranteed replacement cost coverage insuranceA policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. Guaranteed death benefitGuaranteed death benefitA life policy in which there is a minimum sum payable on the death of the life assured. Guaranteed Mortgage Certificates (GMC)Guaranteed Mortgage Certificates (GMC)First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac. Further SuggestionsGuaranteed renewable policy insuranceGuaranteed investment contract (GIC) guaranteed income bond guaranteed renewable policy Guaranteed death benefit guaranteed minimum period guaranteed trust guaranteed growth bond Guaranteed insurance contract Guaranteed insurability |
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