# Modified Payoff

- The partial insurance reimbursement that is paid to depositors of failed banks. Customers who have lost money in excess of what is covered by FDIC insurance can expect to receive a modified payoff. Based on an FDIC estimate of what they could collect from liquidation, a dividend to uninsured depositors would be paid.

The FDIC instituted the modified payoff in the early 1980s. It was offered in response to a rash of bank failures that led to substantial customer losses.

*Investment dictionary.
Academic.
2012.*

### Look at other dictionaries:

**Zero-sum**— In game theory and economic theory, zero sum describes a situation in which a participant s gain or loss is exactly balanced by the losses or gains of the other participant(s). If the total gains of the participants are added up, and the total… … Wikipedia**Zero–sum game**— For other uses, see Zero sum (disambiguation). In game theory and economic theory, a zero sum game is a mathematical representation of a situation in which a participant s gain (or loss) of utility is exactly balanced by the losses (or gains) of… … Wikipedia**Nash equilibrium**— A solution concept in game theory Relationships Subset of Rationalizability, Epsilon equilibrium, Correlated equilibrium Superset of Evolutionarily stable strategy … Wikipedia**Minimax**— This article is about the decision theory concept. For other uses, see Minimax (disambiguation). Minimax (sometimes minmax) is a decision rule used in decision theory, game theory, statistics and philosophy for minimizing the possible loss for a… … Wikipedia**Chicken (game)**— For other uses, see Chicken (disambiguation). The game of chicken, also known as the hawk dove or snowdrift[1] game, is an influential model of conflict for two players in game theory. The principle of the game is that while each player prefers… … Wikipedia**Info-gap decision theory**— is a non probabilistic decision theory that seeks to optimize robustness to failure – or opportuneness for windfall – under severe uncertainty,[1][2] in particular applying sensitivity analysis of the stability radius type[3] to perturbations in… … Wikipedia**Government procurement in the United States**— is based on many of the same principles as commercial contracting, but is subject to special laws and regulation as described below. Persons entering into commercial contracts are pretty much free to do anything that they can agree on. Each… … Wikipedia**Learning classifier system**— A learning classifier system, or LCS, is a machine learning system with close links to reinforcement learning and genetic algorithms. First described by John Holland, his LCS consisted of a population of binary rules on which a genetic algorithm… … Wikipedia**Illinois' Instant Riches**— was a lottery game show airing in the state of Illinois, as well as nationally on Chicago based Superstation WGN TV. The show was hosted by Mark Goodman, with Linda Kollmeyer (who still remains with the station doing lottery drawings) as his co… … Wikipedia**Rabin fairness**— is a fairness model invented by Matthew Rabin. It goes beyond the standard assumptions in modeling behavior, rationality and self interest, to incorporate fairness. [Camerer, Colin Thaler, Richard H. 2003. In Honor of Matthew Rabin: Winner of the … Wikipedia