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Bank Investment Contract |
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Bank Investment Contract (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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Our Bank Investment Contract," boasted one bank in an ad featuring a photo of the Capitol, "Offers the Backing of a Higher Authority. |
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