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.

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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

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

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

From Seattle Times

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

He wrote position papers, legislative proposals and reports on a range of issues, including strengthening the Federal Home Loan Bank System and bank deposit insurance reform.

From Washington Post