What does GIC mean in INVESTMENTS
A Guaranteed Investment Certificate (GIC) is a fixed-income investment product offered by Canadian financial institutions. GICs are one of the safest investments you can make as they provide a guaranteed return on your money with very low levels of risk.
GIC meaning in Investments in Business
GIC mostly used in an acronym Investments in Category Business that means Guranteed Investment Certificate
Shorthand: GIC,
Full Form: Guranteed Investment Certificate
For more information of "Guranteed Investment Certificate", see the section below.
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Essential Questions and Answers on Guranteed Investment Certificate in "BUSINESS»INVESTMENTS"
What is a GIC?
A Guaranteed Investment Certificate (GIC) is a fixed-income investment product offered by Canadian financial institutions.
How safe is investing in a GIC?
Investing in a GIC is one of the safest investments you can make as it provides a guaranteed return on your money with very low levels of risk.
Where can I purchase a GIC?
You can purchase a GIC from any major Canadian financial institution, such as banks or credit unions.
What types of GICs are available?
There are different types of GICs that offer varying returns and terms, including regular, cashable, market-linked and more.
Are there any fees associated with purchasing a GIC?
Most financial institutions do not charge any fees for purchasing or redeeming GICs, but it's important to double check the details before investing.
Final Words:
Investing in a Guaranteed Investment Certificate (GIC) provides peace of mind knowing that you're making an investment that will yield guaranteed returns with no associated fees and minimal risk.
GIC also stands for: |
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| All stands for GIC |