FDIC

Speech parts

1. FDIC - Noun

2. FDIC - Proper noun

Meaning

a federally sponsored corporation that insures accounts in national banks and other qualified institutions

Synonyms

Hypernyms

Examples

According to the FDIC, banks that are Black-owned or led represent a mere 1% of America’s commercial banking assets. Source: Internet

Fixed annuities are not FDIC insured. Source: Internet

All bankers were in agreement that the level of FDIC insurance on bank deposits should remain the same--Blunt favored the increase to keep money in banks rather than under mattresses. Source: Internet

“Branches will open under new ownership; however, customers will be able to bank as usual during regular business hours, and their deposits are safe, available, and remain FDIC insured.” Source: Internet

"Banks regulated by FDIC were more positive about their agency's efforts than banks regulated by other agencies," the report said. Source: Internet

In addition to being FDIC insured up to $250,000, as of late 2016 Ally Bank's total asset value ($123 billion) put it 21nd among the top 50 largest banks in the U.S. Ally Bank is not accredited by the BBB and doesn't have a grade from the organization. Source: Internet

Close letter words and terms