The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is BULLET GUARANTEED INVESTMENT CONTRACT (GIC)

A GUARANTEED INVESTMENT CONTRACT where the investor funds the entire GIC with a single payment rather than periodic payments that are characteristic of standard GICs. All other features of the bullet GIC are similar to the conventional GIC. See also NONPARTICIPATING GUARANTEED INVESTMENT CONTRACT, PARTICIPATING GUARANTEED INVESTMENT CONTRACT, SYNTHETIC GUARANTEED INVESTMENT CONTRACT.

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