Federal Deposit Insurance Corporation - FDIC
The FDIC will insure deposits of up to US$250,000 per institution as long as the bank is a member firm.
Before opening an account with a financial institution, be sure to check that it is FDIC insured.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Deposit Insurance Corporation — Independent federal agency (Federal Deposit Insurance Corporation) created to insure bank deposits up to a specified amount in national and most state banks, including commercial and savings and loan banks, and to protect depositors from hazards… … Black's law dictionary
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Deposit Insurance Act — Federal act creating Federal Deposit Insurance Corporation (F.D.I.C.) to insure deposits of qualifying banks. 12 U.S.C.A. No. 1811 et seq. See Deposit Insurance Corporation … Black's law dictionary
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