Participating GIC
A guaranteed investment contract where the policyholder is not guaranteed a crediting rate, but instead receives a return based on the actual experience of the portfolio managed by the life company. |
Similar financial terms
Participating feesThe portion of total fees in a syndicated credit that go to the participating banks.
Magic of diversification
The effective reduction of risk (variance) of a portfolio, achieved without reduction to expected returns through the combination of assets with low or negative correlations (covariances).
