Overseas Private Investment Corporation (opic)
Definition of "Overseas private investment corporation (opic)"
Federal program to insure private U.S. investments in foreign countries, created by the Foreign Assistance Act of 1961. It is a joint government and private effort to encourage U.S. investments abroad by providing protection against three political risks: (1) inability to convert foreign currency; (2) expropriation of facilities by a foreign country; and (3) war or revolution. The program is guaranteed by the full faith and credit of the U.S. government.
Popular Insurance Terms
Value in life insurance policies that entitle the insured to these choices: to relinquish the policy for its CASH SURRENDER VALUE. (Note that in the beginning years the cash value may be ...
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Smallest face amount of life insurance that an insurance company will write on any one person. ...
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Person covered under an employee benefit insurance plan. ...
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