deposit insurance

Main Entry:  deposit insurance
Part of Speech:  n
Definition:  a guarantee by a federal agency that an individual depositor at a participating depository institution will receive the full amount of the deposit (up to $100,000) if the institution becomes insolvent; insurance provided by a federal fund administered by the Federal Deposit Insurance Corporation, which insures the deposits of individuals who invest at banks that are members of the Federal Reserve System's 21st Century Lexicon
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