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Wealth Management Glossary

General Power Of Appointment Generation-Skipping Tax Generation-Skipping Transfer Generation-Skipping Trust Gift Tax Annual Exclusion Ginnie Mae Government National Mortgage Association Grantor Growth Stock Guaranteed Income Contract (GIC) Guardian Guardian Ad Litem

Guaranteed Income Contract (GIC) A contract similar to an annuity or certificate of deposit but issued by an insurance company, guaranteeing the holder of a stated rate of income regardless of the underlying investment portfolio's actual performance.

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