Bank Investment Contract(redirected from Bank Investment Contracts)
Bank Investment Contract (BIC)
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved