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Federal Deposit Insurance Corporation

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noun
a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks. Abbreviation: FDIC
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How to use Federal Deposit Insurance Corporation in a sentence

Cultural definitions for Federal Deposit Insurance Corporation

Federal Deposit Insurance Corporation

A federal agency that insures deposits in the savings accounts of qualifying banks.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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