Business, Legal & Accounting Glossary
A guarantee, often by the government, that deposits made at a bank or other savings institution will be safe up to a certain amount. In the United States deposit insurance is regulated by the Federal Deposit Insurance Corporation (FDIC), which also operates the Deposit Insurance Fund (DIF). Some investments, namely those of securities, do not carry deposit insurance.
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This glossary post was last updated: 20th November, 2021 | 0 Views.