Federal Deposit Insurance Corporation
/ˈfɛdərəl dɪˈpɒzɪt ɪnˈʃʊərəns ˌkɔːrpəˈreɪʃən/
Definitions
- (n.) A U.S. government agency that insures deposits in banks and thrift institutions to maintain public confidence and stability in the financial system.
The Federal Deposit Insurance Corporation insures bank deposits up to a certain limit to protect consumers.
Forms
- federal deposit insurance corporation
- federal deposit insurance corporations
Related terms
See also
Commentary
The FDIC plays a critical role in banking regulation and financial consumer protection; its legal authority and operations are established by federal statutes such as the Federal Deposit Insurance Act.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.