Guaranteed growth bond
Guaranteed growth bondA bond in which a single premium secures a guaranteed amount at its maturity date.
Guaranteed replacement cost coverage insuranceGuaranteed replacement cost coverage insurance
A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.
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.
Guaranteed investment contract (GIC)Guaranteed investment contract (GIC)
A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment.
Guaranteed minimum periodGuaranteed minimum period
The period during which an annuity is paid irrespective of whether the annuitant dies during that period.If the annuitant lives beyond this period, payments continue until death. An annuity with such a guarantee could benefit people, with dependants who require the income to continue after their death. This means that the sum of money paid for the annuity would not be wasted in the event of early death.
Guaranteed minimum pensionGuaranteed minimum pension
The minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).
Further Suggestionsguaranteed sum assured
guaranteed income bond
Guaranteed insurance contract
guaranteed death benefit
Guaranteed renewable policy insurance
Guaranteed death benefit
guaranteed renewable policy