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Definitions from the Web

Federal Deposit Insurance Corporation

Description:

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that provides deposit insurance to depositors in U.S. banks. Its main purpose is to maintain stability and public confidence in the nation's financial system.

Senses and Usages:

1. Noun: The Federal Deposit Insurance Corporation.

Example Sentence: The Federal Deposit Insurance Corporation safeguards the deposits of millions of Americans.

2. Noun: The federal agency responsible for insuring deposits in U.S. banks.

Example Sentence: The Federal Deposit Insurance Corporation plays a crucial role in ensuring the safety of bank deposits.

3. Noun: The organization that protects depositors against the loss of their insured deposits if an FDIC-insured bank fails.

Example Sentence: The Federal Deposit Insurance Corporation provides confidence to depositors by guaranteeing their funds even in the event of a bank failure.

Related Products:

• Books on FDIC
• History of FDIC
• Policies of FDIC