Banking Insurance Fund

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Definition: Banking Insurance Fund

Banking Insurance Fund
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Full Definition of Banking Insurance Fund

A federal fund issued from the Federal Deposit Insurance Corporation (FDIC), which insures the monies of individuals who invest at banks that are members of the Federal Reserve System. Its members are generally state and national banks. Developed in 1989, the fund’s purpose is to divide the monies of commercial banks from the monies of thrift institutions.

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https://payrollheaven.com/define/banking-insurance-fund/
Modern Language Association (MLA):
Banking Insurance Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/banking-insurance-fund/.
Chicago Manual of Style (CMS):
Banking Insurance Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/banking-insurance-fund/ (accessed: April 20, 2024).
American Psychological Association (APA):
Banking Insurance Fund. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/banking-insurance-fund/

Definition Sources

Definitions for Banking Insurance Fund 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.