Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “BIC”

BIC

noun [C]
 
 
/bɪk/ BANKING
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. →  Compare IBAN , SWIFT™ code
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.
(Definition of BIC from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of BIC?
Add Cambridge dictionaries to your browser to your website

Word of the Day

be in/out of luck

to be able/unable to have or do what you want

Word of the Day

A certain je ne sais quoi: French words and phrases used in English

by Liz Walter,
January 21, 2015
It is an odd irony that the more sophisticated your use of English is, the more likely you are to use French words and phrases. Or, to be more accurate, ones you know to be French – words such as ballet, au pair, abattoir, fiancé, café, and restaurant are so entrenched in

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More