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Federal Deposit Insurance Corporation

Posted in Banking

define: Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a federal agency that insures deposits in banks and other financial institutions throughout the United States. FDIC-insured deposit accounts used to be insured up to $100,000 per depositor, but the insured amount has been increased to $250,000 per depositor through December 31, 2013. For further information, see FDIC Insurance increase extended

This definition is filed under Banking.

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