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G- G. G1 G2 G3 G4 G5 G6 G7 G8 G9 Ga Gb Gc Gd Ge Gf Gg Gh Gi Gj Gk Gl Gm Gn Go Gp Gq Gr Gt Gu Gv Gw Gy Gz
Gic Gif Gig Gil Gim Giv

GIC

See: guaranteed investment contract (GIC) and separate account guaranteed investment contract (GIC) .

Gift inter-vivos

A gift made during a person’s lifetime as opposed to a legacy passing on death. Inheritance tax is payable on gifts inter-vivos at a reducing rate over a seven-year period. A typical insurance solution is a decreasing term insurance that will provide funds on death during the seven-year period.

Gig economy

Temporary, flexible jobs with no set hours workers can set their own hours and sometimes their rates for the work provided. Ride-sharing, car-sharing and home-sharing are all parts of the gig economy.

Gilts

Gilt-edged securities are bonds and other loans issued by the UK government or UK local authorities, considered as safe investments. However, they are not risk free as the market price varies according to the financial climate, in particular the prevailing rate of interest.

Gimmicks

Used critically to refer to certain clauses or coverage found in some policies. The inference is that the Policy holder is not obtaining the value or coverage that a more informed individual would by being aware of the limitations of the “gimmicks.”

Give

The transferring to another, a yielding or bestowing. One of the important words in deeds of conveyance of real estate.