Bank Investment Contract

Business, Legal & Accounting Glossary

Definition: Bank Investment Contract


Bank Investment Contract


Full Definition of Bank Investment Contract


BIC. A contract issued by a bank to an investor, often a large corporate investor, which guarantees a specific yield on an investment over a specific period of time. The contract usually has a maturity of one to ten years. For example, a company with a 401(K) plan can enter into a Bank Investment Contract which will guarantee a certain return over the life of the contract. Because the account is held with a qualified financial institution, deposits in each 401(K) account are insured by the FDIC as well.


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Definition Sources


Definitions for Bank Investment Contract are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.