SLIC

System Level Integration Circuit + System Licensed Internal Code [IBM]

SLIC

A contract issued by savings and loan institutions that accepts contributions, holds them and then pays them back, each for specific time periods. The monies are credited with a set rate of guaranteed interest and principal. These contracts are expressed as SLIC H/P. H is the holding period inclusive of the contribution period and P is the payout p...
Found on http://www.oenb.at/dictionary/termini.jsp?EINTRAG_ID=1780
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