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Acronyms that contain the term guaranteed investment certificate
What does guaranteed investment certificate mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: guaranteed investment certificate.
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What does guaranteed investment certificate mean?
- Guaranteed investment certificate
- A guaranteed investment certificate (GIC, French: certificat de placement garanti, CPG) is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks. Due to its low risk profile, the return is generally less than other investments such as stocks, bonds, or mutual funds. It is similar to a time or term deposit as known in other countries.
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"guaranteed investment certificate." Abbreviations.com. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.abbreviations.com/guaranteed%20investment%20certificate>.
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