Bank Insurance

Business, Legal & Accounting Glossary

Definition: Bank Insurance

Bank Insurance

Full Definition of Bank Insurance

Insurance that guarantees the security of deposits in a bank. In the U.S., bank deposits up to a certain amount are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S. Treasury securities.

Cite Term

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Page URL
Modern Language Association (MLA):
Bank Insurance. Payroll & Accounting Heaven Ltd.
December 03, 2021
Chicago Manual of Style (CMS):
Bank Insurance. Payroll & Accounting Heaven Ltd. (accessed: December 03, 2021).
American Psychological Association (APA):
Bank Insurance. Retrieved December 03, 2021
, from website:

Definition Sources

Definitions for Bank Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.