GIC definition

GIC means a guaranteed investment contract or funding agreement or other similar agreement issued by an Account Party or any of its Subsidiaries that guarantees to a counterparty a rate of return on the invested capital over the life of such contract or agreement.
GIC means (a) any investment that has specifically negotiated withdrawal or reinvestment provisions and a specifically negotiated interest rate and (b) any agreement to supply investments on two or more future dates (e.g., a forward supply contract).
GIC means the Gas Industry Company Limited.

Examples of GIC in a sentence

  • An investor should take the necessary steps in order to verify the product’s eligibility with respect to the protection under the CIPF and, where applicable, consult with his or her investment advisor as to whether the investor’s investment in the market-linked GIC is eligible for protection in light of such investor’s particular circumstances.

  • There is no assurance that an investment in the market-linked GIC will be eligible for protection under the Canadian Investor Protection Fund (CIPF).

  • All the Calculation Agent’s decisions will bind the investors of the market-linked GIC.

  • A minimum investment of $500 is required for any investment in a market-linked GIC.

  • The agreement to purchase the market-linked GIC will be entered into (i) if the order to purchase is received via telephone or electronic means, on the day on which the order to purchase is received, and (ii) if the order to purchase is received in person, on the later of the second day following (a) the day on which the Information Statement is provided to the investor and (b) the day on which the order to purchase is received.


More Definitions of GIC

GIC means a guaranteed investment contract or funding agreement or other similar agreement issued by an Obligor or any of its Subsidiaries that guarantees to a counterparty a rate of return on the invested capital over the life of such contract or agreement;
GIC means Owap Investment Pte Ltd, together with its successors, transferees and permitted assigns.
GIC means the guaranteed investment contract by and among the Guarantor, the GIC Provider, the Bond Trustee and the Cash Manager dated the Programme Date (as amended and/or restated and/or supplemented from time to time) and, if applicable, unless the context requires otherwise, shall include the Standby Guaranteed Investment Contract;
GIC means all or any of your Simplii Financial Guarantee Investment Certificates provided by CIBC. • “GIC account” refers specifically to your Simplii Financial GIC account which holds your GIC.