Definition Of Overseas Private Investment Corporation (opic) In Insurance

Definition of "Overseas private investment corporation (opic)"

Sandra Juliano, Real Estate Agent Berkshire Hathaway HomeServices

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.