Minimum income guarantee
Minimum income guaranteeThe Minimum Income Guarantee tops up pensioners' incomes from the basic state pension. In the year 2003, the top up is to £102.10 a week for a single person to £155.80 for a couple.The MIG rises with wages inflation which tends to move faster than price inflation (on which the basic state pension is based) so in time the gap between the state pension and the MIG should grow.Anyone with assets over £12,000 is disqualified from the MIG.
Guaranteed death benefitGuaranteed death benefit
Policies where the company will pay out a certain amount when you die.
Guaranteed trustGuaranteed trust
Some 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.
Guaranteeing or Avalising BankGuaranteeing or Avalising Bank
The person, bank, or financial entity who gives the guarantee for the importer.
Export Credits Guarantee DepartmentExport Credits Guarantee Department
The government department which helps companies finance exports, mainly by insuring them against the possibility of non-payment by their customers.
Multilateral Investment Guarantee Agency (MIGA)Multilateral Investment Guarantee Agency (MIGA)
Agency established by the World Bank that offers various forms of political risk insurance to corporations.
Further Suggestionsguaranteed sum assured
Indemnity Guarantee Premium
guaranteed renewable policy
Guaranteed investment contract (GIC)
Guaranteed Mortgage Certificates (GMC)
MIG Mortgage Indemnity Guarantee
Medium Term Guarantee Program
Guaranteed insurance contract
Financial guarantee insurance
guaranteed death benefit
guaranteed minimum period
guaranteed minimum pension
guaranteed growth bond
Guaranteed renewable policy insurance
guaranteed income bond
Guaranteed replacement cost coverage insurance
Letter of Guarantee