|
|
Guaranteed insurance contract |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Guaranteed insurance contractA contract promising a stated nominal interest rate over some specific time period, usually several years.Guaranteed insurance contract Similar MatchesGuaranteed renewable policyGuaranteed renewable policyAn insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates. Guaranteed trustGuaranteed trustSome unit trusts offer a floor price and guarantee their bid price will not be allowed to fall below that level. They also 'lock in' any growth achieved every few months.From an investor's point of view, this guarantee provides reassurance about the value of their investment. Even if the value of the trust's assets falls well below the floor, the bid price (the amount that an investor can sell his units for) will remain at the guaranteed level. Guaranteed bondGuaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments. 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 minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Further SuggestionsGuaranteed death benefitGuaranteed investment contract (GIC) Guaranteed insurability guaranteed minimum period guaranteed death benefit guaranteed growth bond Guaranteed Mortgage Certificates (GMC) guaranteed income bond guaranteed sum assured Guaranteed renewable policy insurance |
|
|
|