Federal Deposit Insurance Corporation
n.
An agency within the executive branch of the U.S. government that insures deposits in banks and savings associations.
abbrv.
FDIC

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


Federal Deposit Insurance Corporation
A federal agency that promotes public confidence in the U.S. financial system by insuring deposits in banks and by limiting the effect on the economy when a bank fails.
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation (FDIC)
USA
The federal agency that preserves and promotes public confidence in the US financial system by insuring all deposit accounts at insured banks and savings associations, including checking and savings accounts, money market deposit accounts, certain individual retirement accounts (IRAs) and certificates of deposit up to the insurance limit of $250,000 (through December 31, 2013) per depositor. The limit increase is permanent for IRAs. The FDIC is responsible for:
• Identifying, monitoring and addressing risks to the deposit insurance funds.
• Limiting the effect on the economy and the financial system when a bank or thrift institution fails.
The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


Federal Deposit Insurance Corporation
(FDIC) An agency which insures deposits in banking institutions in the event of financial failure.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • Federal Deposit Insurance Corporation — FDIC …   Wikipedia

  • Federal Deposit Insurance Corporation —   [ fedərəl dɪpɑzɪt ɪnʃʊərəns kɔːpə reɪʃn], Abkürzung FDIC, staatliche Einlagenversicherung in den USA (Einlagensicherung) …   Universal-Lexikon

  • Federal Deposit Insurance Corporation — 38° 53′ 50″ N 77° 02′ 24″ W / 38.8971, 77.0401 …   Wikipédia en Français

  • Federal Deposit Insurance Corporation — ( FDIC) A federal institution that insures bank deposits. Bloomberg Financial Dictionary * * * Federal Deposit Insurance Corporation ˌFederal Deˈposit Inˌsurance Corpoˌration abbreviation FDIC noun ORGANIZATIONS BANKING a US government… …   Financial and business terms

  • Federal Deposit Insurance Corporation — 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 …   Deutsch Wikipedia

  • Federal Deposit Insurance Corporation — a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks. Abbr.: FDIC * * * ▪ United States banking       independent U.S. government corporation created under authority of the Banking …   Universalium

  • Federal Deposit Insurance Corporation — FDIC A corporation that provides deposit insurance for US banks through the Bank Insurance Fund. It operates throughout the Federal Reserve System and also for other banks outside it (see state banks) …   Big dictionary of business and management

  • Federal Deposit Insurance Corporation — /ˌfed(ə)rəl dɪˌpɒzɪt ɪn ʃυərəns ˌkɔ:p:reɪʃ(ə)n/ noun federal agency which manages insurance funds that insure deposits in commercial banks and in savings and loans associations. Abbreviation FDIC …   Dictionary of banking and finance

  • Federal Deposit Insurance Corporation — noun a federally sponsored corporation that insures accounts in national banks and other qualified institutions • Syn: ↑FDIC • Hypernyms: ↑corporation, ↑corp * * * a public corporation, established in 1933, that insures, up to a specified amount …   Useful english dictionary

  • Federal Deposit Insurance Corporation — (FDIC)    Created under the Banking Act of 1933, the FDIC was established to insure deposits of member banks in the Federal Reserve System and restore public confidence in the banking system. By 1935, 14,400 banks had joined, and the number of… …   Historical Dictionary of the Roosevelt–Truman Era

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