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Guaranteed minimum pension |
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Guaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).Similar MatchesGuaranteed 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 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 renewable policy insuranceGuaranteed renewable policy insuranceA type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same change is applied to all policyholders. Guaranteed insurance contractGuaranteed insurance contractA contract promising a stated nominal interest rate over some specific time period, usually several years. 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. Further Suggestionsguaranteed income bondGuaranteed bond guaranteed death benefit Guaranteed death benefit guaranteed sum assured guaranteed growth bond guaranteed minimum period Guaranteed investment contract (GIC) Guaranteed insurability guaranteed renewable policy |
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