Bank Investment Contract - BIC
A security with an interest rate guaranteed by a bank. It provides a specific yield on a portfolio over a specified period.
Investopedia Commentary
A BIC is a relatively safe investment, but it provides a low rate of return.
Related Links
Basic Investment Objectives
Asset Allocation Strategies
See also: Bank, Eat Well, Sleep Well, Interest Rate, Portfolio, Risk/Return Trade-off, Yield
Also spelled: BIC