Guaranteed Investment Contract. Debt instrument issued by an insurance company, usually in a large denomination, and often bought for retirement plans. The interest rate paid is guaranteed, but the principal is not. also called guaranteed interest contract.Read more: http://www.investorwords.com/2170/GIC.html#ixzz1l1T6HnC1
Whole life insurance also has an investment component, so money made on the investment is taxed. If you have term insurance, then there is no interest earned, since it is strictly insurance.
The term "guaranteed investment" typically refers to a stock, bond, or mutual fund, wherein the owner is guaranteed a principal repayment, as well as a fixed or floating interest rate for a pre-established period of time.
It is a guaranteed fixed premium permanent life insurance policy. It usually has a Guaranteed Minimum Cash Value that increases each year.
Fixed deposit interest rates is a guaranteed interest rate for the entire term of an investment. They allow for the customer to earn high interest rates.
A fixed-income investment generally pay interest on specific schedule with a promise to return the principle at maturity, but is not guaranteed. Basically they provide regular income that is predictable.
what is the interest on£ 50,000 with Halifax guaranteed reserve
An investment interest calculator will calculate the amount of interest that you will have to pay on an investment on a home, car, or other type of big expense.
No. Broker Fees are investment expenses but are not investment interest expenses.
Interest earned in a bank account is not an investment. It is considered an income. The money that you have in the bank account that earned the interest for you is considered the investment