The financial definition for Bank Investment Contract (BIC):
Interest guaranteed by the bank in a
Interest over a specific time frame with
a specific Interest.
Alternative investments Refers to investments in hedge funds. Many hedge funds pursue strategies that are uncommon relative to mutual funds. Examples of alternative investment strategies are:
long-short equity, event driven, statistical arbitrage, fixed income arbitrage, convertible arbritage, short bias, global macro, and equity market neutral.