FDIC (Federal Deposit Insurance Corporation)
A federal insurance agency that gives deposit accounts the backing of the US government. This is an independent insurance agency created by congress to maintain stability in the US banking system and to maintain public confidence in trusting their assets with financial institutions.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
federal
Noun: Federal, Federal soldier, Union soldier (a member of the Union Army during the American Civil War)
Noun: Federal, Fed, federal official (any federal law-enforcement officer)
Adjective: federal (national; especially in reference to the government of the United States as distinct from that of its member units) "the Federal Bureau of Investigation"; "federal courts"; "the federal highway program"; "federal property"
Adjective: federal (of or relating to the central government of a federation) "a federal district is one set aside as the seat of the national government"
Adjective: Union, Federal (being of or having to do with the northern United States and those loyal to the Union during the American Civil War) "Union soldiers"; "Federal forces"; "a Federal infantryman"
Adjective: federal (characterized by or constituting a form of government in which power is divided between one central and several regional authorities) "a federal system like that of the United States"; "federal governments often evolved out of confederations"
deposit
Noun: deposit, sedimentation, alluviation (the phenomenon of sediment or gravel accumulating)
Noun: sediment, deposit (matter that has been deposited by some natural process)
Noun: deposition, deposit (the natural process of laying down a deposit of something)
Noun: deposit, bank deposit (money deposited in a bank)
Noun: down payment, deposit (a partial payment made at the time of purchase; the balance to be paid later)
Noun: deposit (money given as security for an article acquired for temporary use) "his deposit was refunded when he returned the car"
Noun: deposit (a payment given as a guarantee that an obligation will be met)
Noun: depository, deposit, depositary, repository (a facility where things can be deposited for storage or safekeeping)
Noun: deposit, deposition (the act of putting something somewhere)
Verb: lodge, wedge, stick, deposit (fix, force, or implant) "lodge a bullet in the table"
Verb: deposit, bank (put into a bank account) "She deposits her paycheck every month"
Verb: situate, fix, posit, deposit (put (something somewhere) firmly) "She posited her hand on his shoulder"; "deposit the suitcase on the bench"; "fix your eyes on this spot"
insurance
Noun: insurance (promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company)
Noun: policy, insurance policy, insurance (written contract or certificate of insurance) "you should have read the small print on your policy"
Noun: indemnity, insurance (protection against future loss)
corporation
Noun: corporation, corp (a business firm whose articles of incorporation have been approved in some state)
Noun: pot, potbelly, bay window, corporation, tummy (slang for a paunch)
- FDIC (Federal Deposit Insurance Corporation) -
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