Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 20th November, 2021 | 0 Views.