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Meaning / Definition of

Guaranteed Investment Contract

Categories: Insurance, Retirement and Pension, Bonds and Treasuries,

an investment instrument issued by an insurance company that guarantees interest but not principal.

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Definition / Meaning of

Home Equity

Categories: Credit and Debt, Real Estate, Legal, ,

The current market value of a house minus how much is owed on it. A home equity loan borrows against this amount.

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