Federal Deposit Insurance Corporation (FDIC)
Definition: An agency of the government of the United States that insures bank deposits, oversees financial institutions, and manages receiverships. The self-stated mission of the FDIC is to "maintain stability and public confidence in the nationís financial system". Federal deposit insurance protects the first $100,000 of deposits that are payable in the United States.
Terms, Definitions, and Concepts: Economy, Finance and Investment, Management, Real Estate
Added: Fri Sep 26 2008