Federal Deposit Insurance Corporation

Federal Deposit Insurance Corporation

noun
a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks. Abbreviation: FDIC
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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American Heritage
Cultural Dictionary
Federal Deposit Insurance Corporation (FDIC)

A federal agency that insures deposits in the savings accounts of qualifying banks.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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