Bank Investment Contract - BIC

What Does Bank Investment Contract - BIC Mean?
A security with an interest rate guaranteed by a bank. It provides a specific yield on a portfolio over a specified period.

Investopedia explains Bank Investment Contract - BIC
A BIC is a relatively safe investment, but it provides a low rate of return.

Related Terms

Bank
Eat Well, Sleep Well
Interest Rate
Portfolio
Risk/Return Trade-off
Yield
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