Overseas Private Investment Corporation.A federally chartered corporation that promotes private investment in developing countries by making or guaranteeing loans; supporting private funds that invest in foreign nations; insuring investments against political risks; and engaging in outreach activities. • It was established as an independent agency by the Foreign Affairs Reform and Restructuring Act of 1998. The agency is self-sustaining. — Abbr. OPIC. [Cases: United States  53(6.1). C.J.S. United States §§ 83–89, 94–95.]

[Blacks Law 8th]