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Simple English definitions for legal terms

GIC

Read a random definition: Quinquaginta Decisiones

A quick definition of GIC:

A GIC, or guaranteed investment contract, is a type of investment where an investor gives their money to someone else, like a company or an insurer, and expects to make a profit without doing any work themselves. It's like giving someone money to take care of for you, and they promise to give you back your money plus some extra money at the end of a certain period of time. It's a way to make money without having to do anything yourself, but it's important to be careful and make sure you understand the risks involved.

A more thorough explanation:

Definition: GIC stands for guaranteed investment contract. It is an investment contract in which an institutional investor, such as a pension fund, invests a lump sum with an insurer. The insurer promises to return the principal amount and a certain amount of interest at the end of the contract.

Investment contract is a type of agreement or transaction in which a party invests money in expectation of profits derived from the efforts of a promoter or other third party. In such an arrangement, the investor typically does not receive the right to exercise control over the managerial decisions of the enterprise.

For example, if a pension fund invests $1 million in a GIC with an insurer, the insurer promises to return the $1 million plus a certain amount of interest at the end of the contract, regardless of the performance of the underlying investments.

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BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
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