bank deposit insurance

American  

noun

1. the protection of bank deposits against the insolvency of banks in the U.S., up to a specified maximum per account that is revised periodically, under special insurance through the Federal Deposit Insurance Corporation.

---

Example Sentences

So many of the technologies that we know today were stolen from China by the West, such as porcelain, gunpowder, compasses and bank deposit insurance.

From Los Angeles Times • Feb. 12, 2024

Revoking bank deposit insurance would be a crippling blow for any financial company.

From Seattle Times • Jul. 28, 2022

The New Deal had by then established Social Security and federal bank deposit insurance, but what became known as the Work Projects Administration was arguably its most ambitious program.

From New York Times • Dec. 2, 2021

To that end, Harnett believes the minimum requirement over coming weeks is to flesh out the idea of euro-wide bank deposit insurance to forestall the risk of destructive bank runs.

From Reuters • Jun. 18, 2012

He himself likes its tariff policies, its securities and stock exchange regulation, its bank deposit insurance, its handling of strikes and championship of Labor.

From Time Magazine Archive