"Bureau of Investigations and Collections" The program within ORS which investigates and collects in cases related to public assistance overpayments and fraud
A "BIC" is a bank investment certificate This is a large certificate of deposit sold to institutional investors, such as employee benefit plans There is a facts-and-circumstances test as to whether FDIC insurance covers the instrument; if so, the first $100,000 of the BIC is insured by FDIC, and pass-through deposit insurance coverage may also apply A BIC is the deposit industry's equivalent of a "GIC" See also "GIC ", "Bullets ", and "Windows "
Bank Investment Contract, technically a bank deposit agreement between the bank and the plan sponsor with features analogous to GICs BICs which are benefit responsive do not receive FDIC insurance coverage except in 457 plans BICs which are not benefit responsive are not eligible for book value accounting treatment