guaranteed investment contract

An investment contract under which an institutional investor invests a lump sum (such as a pension fund) with an insurer that promises to return the principal (the lump sum) and a certain amount of interest at the contract’s end. — Abbr. GIC.

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词条贡献者

法律翻译文楷，毕业于新加坡知名法学院，专注翻译各类与合并许可有关的法律文件。