guaranteed investment contract

Definition of "guaranteed investment contract"
  1. A financial agreement that involves an institutional investor depositing a considerable sum of money with an insurance company, which then assures the investor of the principal's return along with a certain interest amount once the contract reaches its conclusion
How to use "guaranteed investment contract" in a sentence
  1. The company decided to shift some of its assets into a guaranteed investment contract to secure a stable return.
  2. Her retirement fund was primarily composed of a guaranteed investment contract to safeguard her savings.
  3. Through the guaranteed investment contract, the insurance company promises to return the principal and a fixed interest after the agreed period.

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