FDIC

What does FDIC stand for?

Federal Deposit Insurance Corporation

An acronym for a U.S. government corporation that provides deposit insurance in order to guarantee a depositor's accounts in member banks up to $250,000 per bank; created by the Banking Act of 1933 and began on January 1st, 1934.

Example

"I deposited $250,000 in 2 different FDIC insured banks in order to be protected."

Related Slang

Usage

Last Updated: February 25, 2015

FDIC definition

This page explains what the acronym "FDIC" means. The definition, example, and related terms listed above have been written and compiled by the Slangit team.

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