Guaranteed investment certificate
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For the product sold by US insurance companies, see Guaranteed investment contract.
A guaranteed investment certificate (GIC, French: certificat de placement garanti, CPG) is a Canadian investment that offers a guaranteed rate of return over a fixed period of time, most commonly issued by trust companies or banks.[1] Due to its low risk profile, the return is generally less than other investments such as stocks, bonds, or mutual funds. It is similar to a time or term deposit as it is known in other countries.[2]