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BIC

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BIC

Bank Investment Contract
A bank-issued contract guaranteeing a specific portfolio a specific yield for a certain period of time. This contract usually has a maturity ranging from one to ten years. It is a low-risk, low-yield investment made mostly by corporations carrying 401(k) or profit-sharing plans. See also: Guaranteed Investment Contract.

Business Interruption Insurance
An insurance policy that provides coverage in case some event causes a business to relocate or temporarily close. For example, if an office floods and becomes unusable, business interruption insurance will replace the profits the company would have made during the time it is closed and also will cover its operating expenses. It is also called business income coverage.


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Chief Operating Officer at the BIC Shaikh Salman bin Isa Al Khalifa said that Speed Weekend Bahrain will give all those attending an enjoyable occasion that is of great value for money.
For this reason the BIC was created to provide a base for growth at every stage of a company's life.
Welcoming all sporting visitors to the kingdom has been one of the initiatives that makes the BIC well known on the international scene and having a number of the F1 stars, such as 2008 runner-up Felipe Massa, in the kingdom once again makes the test at the BIC a thrilling precursor to the 2009 Formula One World Championship.
 
 
 
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