Guaranteed investment contract

Definition
: an investment contract under which an institutional investor deposits a lump sum of money (as a pension fund) with an insurance company that guarantees the return of principal and a specific amount of interest at the end of the contract term
also
: such a contract considered as an investment <purchased a guaranteed investment contract>

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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collateral estoppel

estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action

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