English version

Federal Deposit Insurance Corporation, the

From Longman Dictionary of Contemporary EnglishFederal Deposit Insurance Corporation, thethe Federal Deposit Insurance CorporationFederal Deposit Insurance Corporation, the // (abbreviation FDIC)  an independent organization of the US government which regulates about 5300 banks in the US. Its aim to make sure that the public have confidence in the banking system. It does this by providing insurance for people who put money in a bank. If the bank fails, account holders will be given up to $100,000.From Longman Business DictionaryFederal Deposit Insurance CorporationˌFederal Deˈposit Inˌsurance Corpoˌration abbreviation FDIC nounORGANIZATIONS BANKING a US government organization that insures DEPOSITs of up to $100,000 if a member bank fails, and that can act to prevent banks from failing and finance TAKEOVERs of failed banksThe Federal Deposit Insurance Corporation wants to encourage bank mergers as a way to improve credit conditions.
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