Guarantor program

Guarantor program

Guarantor program

Under the Freddie Mac program, the aggregation by a single issuer (usually an S&L) for the purpose of forming a qualifying pool to be issued as PCs under the Freddie Mac guarantee.



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Guaranteed investment contract (GIC)

Guaranteed investment contract (GIC)

Guaranteed investment contract (GIC)

A pure investment product in which a life company agrees, for a single premium, to pay the principal amount of a predetermined annual crediting (interest) rate over the life of the investment, all of which is paid at the maturity date.



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Growth phase

Growth phase

Growth phase

A phase of development in which a company experiences rapid earnings growth as it produces new products and expands market share.



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Growth manager

Growth manager

Growth manager

A money manager who seeks to buy stocks that are typically selling at relatively high P and E ratios due to high earnings growth, with the expectation of continued high or higher earnings growth.



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Growing perpetuity

Growing perpetuity

Growing perpetuity

A constant stream of cash flows without end that is expected to rise indefinitely.



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