Guaranteed Investment Contract (GIC)
An investment agreement offered by financial institutions (e.g., banks or insurance companies) which pays a stated rate of return on invested bond proceeds for a stated term.
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Investor Letter
A letter from a purchaser of Bonds in a Private Placement typically acknowledging any transfer restrictions applicable to the Bonds and attesting to the purchaser’s eligibility to purchase the Bonds.
Get it in Writing
Learn more about the various documents involved in a municipal securities transaction.
