FDIC

FDIC
noun
a federally sponsored corporation that insures accounts in national banks and other qualified institutions
• Hypernyms: ↑corporation, ↑corp

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FDIC (no periods),
Federal Deposit Insurance Corporation (an agency of the U.S. government with the authority to insure depositors of member banks up to $100,000).

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abbr. Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits

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abbr
Federal Deposit Insurance Corporation

payments made by the FDIC

◇ The Federal Deposit Insurance Corporation is a part of the U.S. federal government that provides insurance against loss of money that people have deposited in banks.

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FDIC [FDIC]
(in full Federal Deposit Insurance Corporation)
an independent US government organization that provides insurance for bank accounts. It was created in 1933, and all ↑Federal Reserve Banks are covered by its insurance. If a bank fails, the FDIC can give each customer some money as compensation. Since 1989 it has also controlled the Savings Association Insurance Fund after ↑savings and loan associations failed in the 1980s.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • FDIC — abbrFederal Deposit Insurance Corporation see also the important agencies section Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. FDIC …   Law dictionary

  • FDIC — FDIC, the the Federal Deposity Insurance Corporation a US government organization which exists to protect people s bank accounts. If your bank is a member of the FDIC and it cannot pay its debts, the FDIC will pay you the amount that you kept in… …   Dictionary of contemporary English

  • FDIC — (Federal Deposit Insurance Corporation) U.S. Government agency which protects bank deposits against loss …   English contemporary dictionary

  • FDIC — abbrev. Federal Deposit Insurance Corporation …   English World dictionary

  • FDIC — Federal Deposit Insurance Corporation Logo de la FDCI. Le Federal Deposit Insurance Corporation (FDIC) est une agence fédérale américaine dont la principale responsabilité est de garantir les dépôts bancaires faits aux États Unis jusqu à… …   Wikipédia en Français

  • FDIC — Logo der FDIC Die Federal Deposit Insurance Corporation (FDIC) ist ein, durch den Glass Steagall Act von 1933 ins Leben gerufener Einlagensicherungsfonds der Vereinigten Staaten. Inhaltsverzeichnis 1 Geschichte …   Deutsch Wikipedia

  • FDIC — Federal Deposit Insurance Corporation. The New York Times Financial Glossary See: Federal Deposit Insurance Corporation * * * FDIC FDIC ORGANIZATIONS INSURANCE abbreviation for Federal Deposit Insurance Corporation * * *    ► See …   Financial and business terms

  • FDIC, the — [ ,ef di aı si ] the Federal Deposit Insurance Corporation: a U.S. organization that takes responsibility for paying you the money you have in your account if your bank is forced to stop doing business …   Usage of the words and phrases in modern English

  • FDIC Insured Account — An account that meets the requirements to be covered or insured by the Federal Deposit Insurance Corporation (FDIC). An FDIC Insured Account has to be in a bank that is a participant of the FDIC program. The different accounts that can be FDIC… …   Investment dictionary

  • FDIC Problem Bank List — A list of commercial banks in the U.S. that are considered to be in financial difficulty. The Federal Deposit Insurance Corporation (FDIC) issues this problem list quarterly based on liquidity, capital levels and asset quality. Only institutions… …   Investment dictionary

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