Federal Deposit Insurance Corporation
3
4.1
- proper noun
- /ˈfɛdərəl dɪˈpɒzɪt ɪnˈʃʊərəns kɔːrˈpɔːreɪʃən/
- Formal
:
Corporación Federal de Seguro de Depósitos
- The Federal Deposit Insurance Corporation ensures that your deposits are safe even if your bank fails.
- Federal Deposit Insurance Corporation (FDIC)
Examples
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Isaac, William M. 1984. Prologue to Federal Deposit Insurance Corporation, The First Fifty Years: A History of the FDIC, 1933-1983, iii-v. Washington, D.C.: FDIC.
Academic text (2016) -
The Federal Deposit Insurance Corporation estimates that roughly 10 million households in the United States do not use a bank, up from nine million three years ago.
Blog text (5) -
The possible risk of loss of principal that is saved in a banking account insured by the Federal Deposit Insurance Corporation is almost zero.
Blog text (10) -
From 1996 to 1999, he served as the Federal Deposit Insurance Corporation's San Francisco regional economist.
Blog text (5) -
Including these activities, plus some of the emergency programs of the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, brought total outstanding federally backed credit to more than $8 trillion in 2010.
Academic text (2016) -
The form of potentially misguided financial regulation that we focus on here is government-administered deposit insurance, managed in the United States by the Federal Deposit Insurance Corporation (FDIC).
Academic text (2016) -
For example, the FDIC (Federal Deposit Insurance Corporation) and other federal regulatory agencies intervened to prevent the abrupt failure of Continental Illinois, then the seventh largest bank in the United States.
Blog text (10) -
The Federal Deposit Insurance Corporation (FDIC) is an independent agency that was established by Congress to insure deposits, examine and supervise financial institutions for safety, consumer protection, and manage receiverships.
Blog text (5) -
If a bank goes under, the Federal Deposit Insurance Corporation guarantees your savings up to a certain limit.
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The Federal Deposit Insurance Corporation protects depositors by insuring their bank accounts against financial loss.
Synonyms
33
4.0
A United States government group that protects people's bank savings if a bank fails
Surface Forms
Morphology
federal + deposit + insurance + corporation
The phrase transparently combines 'federal' (national/government level) + 'deposit' + 'insurance' + 'corporation', so a learner who knows the parts can infer it is an organization that provides government-backed insurance for bank deposits. While it is the specific name of a U.S. agency, the constituent meanings directly convey its function, making it understandable to a B1 learner.
Etymology
Federal Deposit Insurance Corporation was set up in 1933 after many banks failed and people waited in long lines worried about their money. It promised to 'insure' people's deposits so their savings would be protected even if a bank closed, which is why the name means it helps keep bank money safe today.