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FDIC

Definition: The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that provides deposit insurance to depositors in U.S. commercial banks and savings institutions.

Part of speech: noun

Sense 1: The Federal Deposit Insurance Corporation.

Example sentence 1: The FDIC was established in 1933 to restore public confidence in the banking system.

Example sentence 2: All member banks must display the FDIC sign to assure customers their deposits are insured.

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