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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.
References in periodicals archive ?
I would like to congratulate the BIC for making the right decision by installing LG TVs," AJM Kooheji Group director Mohammed Kooheji said.
Banco BIC wrapped up the acquisition of BPN on 30 March after signing a final contract with Portugal following eight-month negotiations.
Sarah, 28, worked on the national PR campaign for the digital switchover before joining the BIC team.
As our third night race, we expect the tickets to be more popular than ever, following two of the most exciting races we have ever seen at BIC in the last two years.
It is also the first-ever night race to be held at the BIC.
The 2013 Gulf Air Bahrain Grand Prix will be held on April 19, 20 and 21 at the BIC.
Lanzarotto says the entry into the system segment is a "milestone" in the history of BIC shavers and represents a "tremendous opportunity for growth in the category.
For more information on the upcoming Open Track Night or other BIC activities, visit the circuit's official website www.
Lilla Preston, special projects manager, has secured full-time employment at the BIC where she is exploring new opportunities to help the BIC expand.
During a ceremony organised at KFH-Bahrain's headquarters in Bahrain World Trade Centre, BIC chief executive Shaikh Salman bin Isa Al Khalifa and KFH-Bahrain executive manager and head of corporate banking group Sattam Al Gosaibi signed the agreement.