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Guaranteed income bond |
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Guaranteed income bondA bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned.Similar MatchesGuaranteed 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 minimum periodGuaranteed minimum periodThe 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 bondGuaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments. Guaranteed death benefitGuaranteed death benefitA life policy in which there is a minimum sum payable on the death of the life assured. 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. Further Suggestionsguaranteed trustGuaranteed insurance contract Guaranteed death benefit guaranteed renewable policy Guaranteed insurability Guaranteed investment contract (GIC) guaranteed minimum pension guaranteed growth bond Guaranteed replacement cost coverage insurance Guaranteed renewable policy insurance |
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