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Help us educate with a LIKE, SUBSCRIBE,and DONATION. Thank you! / seehearsaylearn , http://www.youtube.com/c/SeeHearSayLe... 📈💲 BUSINESS TERMS 💲📉 YOUTUBE SUBSCRIBE http://www.youtube.com/c/SeeHearSayLe... In this video series we're covering everything about BUSINESS TERMS. A guaranteed investment contract (GIC) is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies qualified for favorable tax status under the Internal Revenue Code (for example, 401(k) plans). A GIC is used primarily as a vehicle that yields a higher return than a savings account or United States Treasury securities and GICs are often used as investments for stable value funds. GICs are sometimes referred to as funding agreements, although this term is often reserved for contracts sold to non-qualified institutions. Here's a couple great products you might find useful. You get a free stock and you support this channel. Go to https://join.robinhood.com/kevinr352 Use Robinhood's investing app. Kids Money Bank https://amzn.to/3o1Af1J Gold Bar Replica https://amzn.to/3fJs0EL The Total Money Makeover https://amzn.to/39mllyR The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel https://amzn.to/39mcHRf Day Trading QuickStart Guide https://amzn.to/33dbx6D How the Stock Market Works https://amzn.to/3q1uRNR Investing for Kids https://amzn.to/363oWQy The links above takes you directly to Amazon.com and in return they help fund what we do here and to further education for all those excited enough to want to learn. We thank you for clicking through our links. THANK YOU for WATCHING, SUBSCRIBING, LIKING, COMMENTING, SHARING and DONATING!!! It means a lot to my family! Please visit www.seehearsaylearn.com FACEBOOK FOLLOW / seehearsaylearn TWITTER FOLLOW / seehearsaylearn YOUTUBE SUBSCRIBE http://www.youtube.com/c/SeeHearSayLe... PLEASE DONATE via VENMO for MORE EDUCATIONAL CONTENT and ENDEAVORS https://venmo.com/SeeHearSayLearn or donate via PAYPAL www.paypal.me/KevMoCreative Thank you so much! This video series couldn't do what it does without the help of Wikipedia and its community along with so many other people to thank and we look forward to refining our product.