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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
It is being held as part of the landmark 15th season of BIC and it will be the sixth time it is taking place under BIC's state-of-the-art floodlights as a night race.
Paul McEldon, chief executive of the North East BIC, said: "The BIC is the perfect environment for SMEs at all stages of development.
On one end of the BIC Cristal Stylus is a medium ballpoint pen available in black ink and, on the other, is a stylus designed specifically for precision use on your smartphones and tablets.
The exclusion of the sponsor, or similar fiduciary, of any participant-directed plan-especially one covering fewer than 100 participants-from the BIC is a curious decision.
Fans can begin gearing up for the event by buying their tickets from today on BIC's official website,, or by calling the BIC Hotline on +973-17-450000.
Originally joining the BIC to help deliver the SME Innovation Programme her new role will see her seeking additional projects for the BIC to expand its portfolio.
Sattam Al Gosaibi said, "The BIC plays a major role in supporting the national economy of Bahrain and boosting other sectors within the Kingdom such as tourism, sports and transportation.
Kuwait Finance House - Bahrain (KFH-Bahrain) has become the official banking partner of the Bahrain International Circuit (BIC) under a strategic partnership agreement.
Join Michael Frazier, stationery brand manager from BIC USA, and host Kristy on the Balancing Act set as they talk about five must-have supplies that will deliver quality and value to families throughout the entire school year.
Reacting to press reports that the European Commission has decided not to extend anti-dumping (AD) duties on Chinese lighters (see Europolitics 4536), BIC - the world leader in pocket lighters - has accused the EU executive of going against the best interests of European companies.
THE Bahrain International Circuit (BIC), venue for April's 2012 Formula 1 Gulf Air Bahrain Grand Prix, held a meeting last month to welcome back its reinstated employees.