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
Person who receives an income benefit from an annuity for life or for a specified period. ...
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Written evidence given to a policyowner by an insurance company or insurance agency that it has received a premium. ...
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Protection in the event of accidental discharge, leakage, or overflow of water from plumbing systems, heating, air conditioning, and refrigerating systems, and rain or snow through broken ...
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