FDIC

American  

1. Federal Deposit Insurance Corporation.

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Example Sentences

So while Evolve is insured by the FDIC, that protection only applies when an insured bank fails.

From MarketWatch

Treasury bills, bonds or notes, though those are backed “by the full faith and credit of the U.S. government,” according to the FDIC.

From MarketWatch

Consequently, the FDIC’s ratio of guaranteed deposits to reserves—a critical indicator of the fund’s ability to protect taxpayers—would be dangerously distorted for 10 years.

From The Wall Street Journal

Like the FDIC, these are insured by the government for up to $31,000.

From MarketWatch

Silicon Valley Bank, a financial firm used by many technology start-ups and companies, failed after a bank run and was taken over by the FDIC.

From Barron's