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Participating GIC

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Definition of Participating GIC

Participating GIC Image 1

Participating GIC

A guaranteed investment contract where the policyholder is not guaranteed a crediting
rate, but instead receives a return based on the actual experience of the portfolio managed by the life company.



Related Terms:

Guaranteed Interest Certificate (GIC)

Interest bearing investment with fixed rate and term.


guaranteed investment certificate (GIC)

A gic is an investment that gives you a guaranteed rate of return over a fixed period of time, usually between 30 days and 5 years. gics are available from banks, trust companies, and other financial institutions.


Guaranteed investment contract (GIC)

A pure investment product in which a life company agrees, for a
single premium, to pay the principal amount of a predetermined annual crediting (interest) rate over the life of
the investment, all of which is paid at the maturity date.


Magic of diversification

The effective reduction of risk (variance) of a portfolio, achieved without reduction
to expected returns through the combination of assets with low or negative correlations (covariances).
Related: Markowitz diversification


Non-participating Policy

A type of insurance policy or annuity in which the owner does not receive dividends.



Participating fees

The portion of total fees in a syndicated credit that go to the participating banks.


Participating Policy

A policy offers the potential of sharing in the success of an insurance company through the receipt of dividends.


Participating GIC Image 2

strategic alliance

an agreement between two or more firms
with complementary core competencies to jointly contribute
to the supply chain


Strategic management accounting

The provision and analysis of management accounting data about a business and its competitors, which is of use in the development and monitoring of strategy (Simmonds).


strategic planning

the process of developing a statement of
long-range (5–10 years) goals for the organization and
defining the strategies and policies that will help the organization
achieve those goals


strategic resource management

organizational planning for the deployment of resources to create value for customers and shareholders; key varibles in the process include the management of information and the management of change in response to threats and opportunities


strategic staffing

an approach to personnel management
that requires a department to analyze its staffing needs by
considering its long-term objectives and those of the overall
company and determining a specific combination of
permanent and temporary employees with the best skills
to meet those needs


Technological Feasibility

A point in the development of software when it is determined that
the software can be produced to meet its design specifications.



 

 

 

 

 

 

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