Bank Investment Contracts

Bank Investment Contracts (BICs)
A negotiated-term deposit issued by a commercial bank. See Guaranteed Investment Contracts (GICs).
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Bank Investment Contracts (BICs): BICs are the negotiated-term deposits issued by a commercial bank.

Some offer a high initial return guarantee, which imposes some restrictions on the investor's ability to withdraw funds. Similar contracts offered by banks are called bank investment contracts or bank deposit agreements.

See also: Bank investment contract, Guaranteed, Box, Right, Return