federal deposit insurance

noun

: federal insurance of bank deposits in the U.S. up to a stated limit per depositor created under the Banking Act of 1933

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Cite this Entry

“Federal deposit insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/federal%20deposit%20insurance. Accessed 8 Nov. 2024.

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