bank deposit insurance

noun

: the insurance of deposit accounts up to $10,000 (formerly up to $5000) in banks in the U.S. that belong to the Federal Deposit Insurance Corporation

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Cite this Entry

“Bank deposit insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20deposit%20insurance. Accessed 28 Mar. 2024.

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