Advertisement
Vocabulary Entry
fdic
|noun
Advertisement
N
noun
FDIC stands for the Federal Deposit Insurance Corporation, which is a U.S. government agency that insures deposits at banks and thrift institutions.
Example Sentences
"The FDIC ensures that your bank deposits are protected up to $250,000."
"He felt secure knowing that the FDIC was backing his savings account."
"The bank displayed the FDIC logo to indicate that it is insured."