Definition of GIC abbreviation from the Oxford Advanced Learner's Dictionary



BrE BrE//ˌdʒiː aɪ ˈsiː//
; NAmE NAmE//ˌdʒiː aɪ ˈsiː//
(Canadian English)
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guaranteed investment certificate (= an investment giving a fixed interest rate on a sum of money kept in a bank for a certain length of time) When the original two-year GIC matures, you buy another five-year GIC, and so on.
See the Oxford Advanced American Dictionary entry: GIC