Federal Deposit Insurance Corporation

Noun

Meaning

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

Synonyms

Hypernyms

Examples

Kelly was later banned from working in the banking sector for life by the Federal Deposit Insurance Corporation and faced $125,000 in fines. Source: Internet

Prior to final acceptance of a bid, the list of requirements states that the vendor will set up an escrow-secured guarantee by placing $50,000 into an escrow account at an institution backed by the Federal Deposit Insurance Corporation (FDIC). Source: Internet

Management of the Federal Deposit Insurance Corporation. Source: Internet

Some digital banks encourage savings via the Federal Deposit Insurance Corporation bank behind them. Source: Internet

The Notes are not equivalent to a deposit or other bank account and are not insured by the Federal Deposit Insurance Corporation or any other insurance. Source: Internet

President Roosevelt merged the RFC and the Federal Deposit Insurance Corporation (FDIC), which was one of the landmarks of the New Deal. Source: Internet

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