Bank Investment Contract (BIC)

Definition:

Interest guaranteed by the bank in a portfolio over a specific time frame with a specific yield.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Going away

The type of bond purchased by dealers for immediate resale to investors, as opposed to purchasing a bond to hold for some amount of time, and then reselling it at a future date.

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