Related Words

Guarantee: Pay attention here - a 'guarantee' is the cruise line's promise that the passenger will sail on a stated voyage in a specified price category or type of cabin, at an agreed rate no higher th . . . View Full Definition

Guaranteed Export Credit: A Commodity Credit Corporation guarantee of commercial export credit is available through several export credit guarantee programs.

Guaranteed Investment Contract (GIC): A guaranteed investment contract, or GIC (pronounced gick), promises to preserve your principal and to provide a fixed rate of return when you begin to withdraw from the contract, typically . . . View Full Definition

GSM-103 Short-Term Export Credit Guarantee Program: An Export Credit Guarantee Program that covers credit terms up to 10 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denom . . . View Full Definition

Guaranteed Renewable Policy: Your insurance company can’t cancel a guaranteed renewable life insurance policy as long as you pay the premium on time. With this type of policy, your payments can be increased only if they . . . View Full Definition

GSM-102 Intermediate-Term Export Credit Guarantee Program.: An Export Credit Guarantee Program that covers credit terms up to 3 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denomi . . . View Full Definition

Guaranteed Insurability: A type of bond for which a firm other than the issuer guarantees its interest and principal payments.

Export Credit Guarantee Programs (GSM-102-103): The Commodity Credit Corporation finances export credit guarantee programs for commercial financing of U.S. agricultural exports. The programs finance the sale of exports to buyers in countr . . . View Full Definition

Short Term Export Credit Guarantee Program (GSM-102): One of CCC’s export credit guarantee programs. See GSM-102.

Intermediate Export Credit Guarantee Program (GSM-103): One of CCC’s export credit guarantee programs. See GSM-103.