Definition of Federal Deposit Insurance Corporation (FDIC)

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TeachMeFinance.com - explain Federal Deposit Insurance Corporation (FDIC)



Federal Deposit Insurance Corporation (FDIC) -- a government corporation that insures deposits in thrift institutions and commercial banks. The FDIC administers the Savings Association Insurance Fund (SAIF) providing deposit insurance to thrifts, and the Bank Insurance Fund (BIF) providing deposit insurance to commercial banks.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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