BIC betydelse and definition

Betydelse av BIC på svenska

• 0 abbreviation for bank identifier code: a set of numbers, letters, or symbols that identifies a bank, and is used by financial organizations to do business between banks:

  • If a person transferring money quotes both their IBAN and their BIC, they will incur reduced bank charges for the transaction.

• 1 abbreviation for Bank Investment Contract: a formal agreement between a bank and an investor which promises that the investment will pay a particular amount of money over a particular period of time:

  • A company that benefits from the BIC fund gets more than a straight cash investment.