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.


A BIC is a relatively safe investment, but it provides a low rate of return.



Basic Investment Objectives - You might know about different asset types, but do you know how each type contributes to a particular goal?

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Related Terms

Bank

Eat Well, Sleep Well

Interest Rate

Portfolio

Risk/Return Trade-off

Yield

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