Guaranteed Investment Certificate definition

Guaranteed Investment Certificate or “GIC” means an investment issued by Bridgewater Bank, other than through a deposit broker, that provides a set annual rate of return over a fixed period of time and guarantees the return of the investor’s capital;
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Guaranteed Investment Certificate or “GIC” means:
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Examples of Guaranteed Investment Certificate in a sentence

  • REDEMPTION PRIOR TO MATURITY DATEA Non-Redeemable Guaranteed Investment Certificate (GIC) is not redeemable prior to the maturity date.A Cashable GIC is fully or partially redeemable (minimum $1000 redemption request accepted and $1000 must be maintained in the Investment) prior to the Maturity Date only after the redemption eligibility period indicated on the Investment application form has been met.A Non-Redeemable Short Term GIC is not redeemable prior to the maturity date.

  • The Company holds a Guaranteed Investment Certificate in this amount in safekeeping for the Yukon Government.

  • The market value of a Guaranteed Investment Certificate in your Plan is the original face value of the investment plus compounded interest, as well as any accrued interest.

  • The Guaranteed Investment Certificate may be redeemed prior to maturity without penalty.

  • If cashed by City of Summerside, Certified cheques and bank drafts received as performance deposits will be deposited in a term deposit or Guaranteed Investment Certificate for the duration of the Contract Schedule.

  • September 30, 2021Guaranteed Investment Certificate$ 4,000,000Listed Common Shares187,930Unlisted Common Shares100,003 $ 4,287,933Less: non-current portion287,933Current portion4,000,000 The Guaranteed Investment Certificate is redeemable, has a term of one year maturing February 11, 2022, and carries a variable interest rate of prime less 2.00% (September 30, 2021 – 0.45%).

  • To purchase this insurance, the Company deposited $794,595 into a Guaranteed Investment Certificate secured by a Letter of Credit and pays an annual fee of 2.5% of the insured amount.

  • REDEMPTION PRIOR TO MATURITY DATEA Non-Redeemable Guaranteed Investment Certificate (GIC) is not redeemable prior to the maturity date.A Cashable GIC is fully or partially redeemable (minimum $1,000 redemption request accepted and $1,000 must be maintained in the Investment) prior to the Maturity Date only after the redemption eligibility period indicated on the Investment application form has been met.A Non-Redeemable Short Term GIC is not redeemable prior to the maturity date.

  • The Respondent was eligible to earn greater compensation if client VB invested his savings in a mutual fund product like the Fixed Income Fund rather than a Guaranteed Investment Certificate (“GIC”) or similar products that offered 100% principal protection.

  • The Company holds a Guaranteed Investment Certificate in the amount of $80,300 in safekeeping for the Yukon Government.

Related to Guaranteed Investment Certificate

  • Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment].

  • Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment], other than the Final Payment Certificate.

  • Class ___ Certificate Any one of the Certificates executed and authenticated by the Trustee or Authenticating Agent on behalf of the Depositor in substantially the form set forth in Exhibit hereto.

  • Capital Security Certificate means a definitive Certificate in fully registered form representing a Capital Security substantially in the form of Exhibit A-1.

  • Preferred Security Certificate means a certificate representing a Preferred Security substantially in the form of Exhibit A-1.

  • WREGIS Certificate or “Certificate” means “Certificate” as defined by the WREGIS Operating Rules.

  • Final Payment Certificate means the payment certificate issued under Sub-Clause 14.13 [Issue of Final Payment Certificate].

  • Credit certificate means a certificate issued by the allocating agency to a taxpayer that specifies the amount of affordable housing tax credits that can be applied against the taxpayer’s individual or corporate income tax, or franchise, captive insurance premium, or insurance premium tax liability as provided in this subchapter.

  • Earned credit certificate means a certificate issued by the Chief Procurement Officer evidencing the amount of earned credit a contractor has been awarded.

  • Common Security Certificate means a definitive certificate in fully registered form representing a Common Security substantially in the form of Exhibit A-2.

  • Unrestricted Securities Certificate means a certificate substantially in the form set forth in Annex C.

  • Final Certificate means the final certificate issued by the Engineer-in-Charge in accordance with the provisions hereof.

  • Trust Certificate means a certificate evidencing the beneficial interest of a Certificateholder in the Trust, substantially in the form of Exhibit A to the Trust Agreement.

  • Tax credit certificate means a certificate issued by the office that:

  • medical certificate means a certificate signed by a registered medical practitioner.

  • Certificate Depositary Agreement means the agreement among the Issuer Trust, the Depositor and the Depositary, as the initial Clearing Agency, dated as of the Closing Date, substantially in the form attached hereto as Exhibit B, as the same may be amended and supplemented from time to time.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • WREGIS Certificates has the same meaning as “Certificate” as defined by WREGIS in the WREGIS Operating Rules and are designated as eligible for complying with the California Renewables Portfolio Standard.

  • Restricted Securities Certificate means a certificate substantially in the form set forth in Annex B.