Guaranteed Reservation: A reservation put on hold for a passenger's late arrival. This type of reservation is usually secured by a credit card obligation or even a deposit as a security measure for if the customer does not arrive

 

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Guaranteed Reservation: A reservation put on hold for a passenger's late arrival. This type of reservation is usually secured by a credit card obligation or even a deposit as a security measure for if the customer . . . 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

Guaranteed Mortgage Certificates (GMC): A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the li . . . View Full Definition

Guaranteed Loan: A pledge to cover the payment of debt or to perform some obligation if the person liable fails to perform. When a third party guarantees a loan, it promises to pay in the event of a default . . . View Full Definition

Guaranteed Renewable Policy Insurance: First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac.

Guaranteed Replacement Cost Coverage Insurance: A type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same c . . . View Full Definition

Rural Housing Preservation Grants: Section 533 grants are available through the Rural Housing Service for repairing and rehabilitating rural housing for low- and very low-income families.

Guaranteed Share: A cruise term that promises that a companion will be found for a single passenger, at a special rate. That rate will be honored even if the cruise line is unable to find a cabinmate. The rat . . . View Full Definition

Guaranteed Issue: An insurance policy provision under which all eligible persons who apply for insurance coverage and who meet certain conditions are automatically issued an insurance policy.

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