Guaranteed Investment Certificate

A GIC is a kind of fixed-income investment, likes bonds or debentures. A GIC locks your money in for a set period and pays a guaranteed amount of interest. You cannot withdraw the money until the GIC reaches maturity. Because they are guaranteed by the bank, they don't generally pay a high interest rate, about the same as a government T-Bill. GICs are suited mostly for temporarily holding money until a later date when you know you'll need it, like to make a downpayment or pay tuition. If you are investing in the longer term, your money will do better in equities or in the bond market.

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The acronym for glass ionomer cement, which is a tooth-coloured material used in the restoration of teeth. It is great to use because it is quick to mix and easy apply.

Please see the abovementioned write up for more technical information.

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