English version

deposit insurance

From Longman Business Dictionarydeposit insurancedeˈposit inˌsurance [uncountable]INSURANCEBANKING insurance that protects people with money held in a bank account against the risk of the bank going BANKRUPT. The money for deposit insurance is paid by banks to a central organization, in the US the FEDERAL DEPOSIT INSURANCE CORPORATION insurance
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.