fdic

noun

Meaning

An independent agency of the United States government that provides deposit insurance to depositors in American commercial banks and savings institutions.

Examples

Before opening a new checking account, always verify that the bank is backed by the FDIC.
The FDIC was created during the Great Depression to restore public confidence in the banking system.

Synonyms: deposit insurer, federal regulator

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fdic

noun

Pronunciation: ˌɛf.di.aɪˈsiː

Definition

An independent agency of the United States government that provides deposit insurance to depositors in American commercial banks and savings institutions.

Examples

Before opening a new checking account, always verify that the bank is backed by the FDIC.
The FDIC was created during the Great Depression to restore public confidence in the banking system.
Depositors felt relieved to learn that their accounts were covered by FDIC insurance up to the legal limit.

Synonyms of fdic

Words with a similar meaning to fdic:

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