Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Federal Deposit Insurance Corporation
An independent governmental agency that insures bank deposits up to a statutory amount per depositor at each participating bank. ( The insurance fund is financed by a premium paid by the participating banks. - Abbr. FDIC.
deposit insurance
See INSURANCE.
deposit insurance.
A federally sponsored indemnification program to protect depositors against the loss of their money, up to a specified maximum, if the bank or savings-andloan association fails or defaults.