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bullet gic

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Financial Dictionary

Bullet GIC

A guaranteed investment contract (GIC) is purchased with a single premium and only one payout that is made at maturity.

Investopedia Commentary

With a GIC, there is no contribution risk and no withdrawal risk.

Related Links

Exploring Types Of Fixed Annuities

See also: Bullet Bond, Bullet Repayment, Guaranteed Investment Contract - GIC

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