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Bank Investment Contract

   Also found in: Acronyms 0.04 sec.
Bank Investment Contract (BIC)
Interest guaranteed by the bank in a portfolio over a specific time frame with a specific yield.


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? Mentioned in ? References in periodicals archive
 
Our Bank Investment Contract," boasted one bank in an ad featuring a photo of the Capitol, "Offers the Backing of a Higher Authority.
The 100 grand illusion; the problem with the banks and thrifts that ... by Miller, Matthew / Washington Monthly
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