FDIC
33
4.0
- noun
- /ˌɛfˌdiːˌaɪˈsiː/
:
Corporación Federal de Seguro de Depósitos (FDIC)
- Most laymen and economists alike believe that FDIC deposit insurance increases stability by preventing bank runs.
- FDIC insurance
- FDIC deposit insurance
- FDIC general counsel
The insurance guarantee fund, like the FDIC, is to protect the little guy, right?
- The insurance guarantee fund, like the FDIC, is to protect the little guy, right?
- On Friday, the FDIC seized the bank.
- So why isn't the FDIC insurance kicking in then?
- But because it did happen, the FDIC had to shut it down.
- Note I said FDIC insured savings account.
- And that led them to fall into FDIC receivership on Sunday.
- And while it is likely that the FDIC may see a rollback on what they can regulate, the actual insurance piece is unlikely to go away.
- And what happened is people now know the FDIC doesn't have any money.
- They go to a failed bank and they say to the FDIC, they say, dad, will you pay for this?
- And yes, before you ask, they are FDIC insured.
Examples
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The FDIC protects depositors by insuring their savings in banks against failures.
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Many people trust the FDIC because it guarantees the safety of their deposits.
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Well, you got the FDIC insurance, you know right?
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Now, when did the FDIC take over Silicon Valley Bank?
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On Friday, the FDIC seized the bank.
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Inside the app, users open an FDIC insured savings account.
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Note I said FDIC insured savings account.
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Partly or fully privatizing the FDIC system of deposit insurance would increase efficiency and stability in the U.S. banking system.
Academic text (2016) -
To ensure your money is safe, make sure your account is covered by the FDIC.
Synonyms
3
4.1
A United States government group that promises to pay back people's bank deposits if a bank fails
Surface Forms
Etymology
The word FDIC is the short form of Federal Deposit Insurance Corporation, where Federal means 'national', Deposit means 'money you put in a bank', Insurance means 'protection', and Corporation means 'an organization'. So, the FDIC is a national organization that 'insures' or protects people's bank deposits when a bank fails.