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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

There is also an ongoing debate about raising the bank deposit insurance cap from $250,000 and imposing stiffer penalties on executives at banks that fail.

From New York Times • Mar. 28, 2023

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

From Seattle Times • Jul. 28, 2022

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

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