FDIC definition: Copy, customize, and use instantly
Introduction
The term "FDIC" refers to the Federal Deposit Insurance Corporation, an independent agency of the U.S. government that insures deposits in national and state-chartered banks and thrifts. It is responsible for promoting public confidence in the U.S. financial system by protecting depositors against the loss of their deposits in case of bank failure. The FDIC insures deposits up to a specified limit and ensures the stability of the financial system by regulating and supervising financial institutions.
Below are various examples of how "FDIC" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "FDIC" as a government agency
This definition ties "FDIC" to its role as a government regulatory agency.
"FDIC" refers to the Federal Deposit Insurance Corporation, a U.S. government agency established to insure deposits at banks and thrifts, regulate financial institutions, and ensure the stability of the U.S. banking system.
Definition of "FDIC" as a deposit insurance provider
This definition connects "FDIC" to its role in providing deposit insurance.
"FDIC" means the Federal Deposit Insurance Corporation, which insures deposits at participating banks and thrifts up to $250,000 per depositor, per insured bank, protecting consumers' funds in case of bank failure.
Definition of "FDIC" as a financial institution regulator
This definition links "FDIC" to its regulatory role in the banking industry.
"FDIC" refers to the agency responsible for regulating and supervising financial institutions, ensuring their soundness and stability, and maintaining consumer confidence in the banking system through regular examinations and enforcement of banking laws.
Definition of "FDIC" as a bank failure protection mechanism
This definition applies "FDIC" to its role in protecting depositors from bank failures.
"FDIC" means the Federal Deposit Insurance Corporation, which protects depositors' funds in the event of a bank failure by stepping in to pay out insured deposits up to the legal limit, ensuring the continuity of banking services.
Definition of "FDIC" as a financial stability measure
This definition ties "FDIC" to its broader role in maintaining financial stability.
"FDIC" refers to the Federal Deposit Insurance Corporation, a key component of the U.S. financial system that helps maintain stability and public confidence by insuring deposits, overseeing banks, and resolving failed institutions to prevent systemic risks.
Definition of "FDIC" as a consumer protection entity
This definition connects "FDIC" to consumer protection in the financial sector.
"FDIC" means the Federal Deposit Insurance Corporation, an agency that provides protection for depositors by ensuring that insured deposits in participating banks are safe, even if the bank fails, and works to protect consumers from financial losses.
Definition of "FDIC" as a risk management tool for depositors
This definition links "FDIC" to its role as a risk management tool.
"FDIC" refers to the Federal Deposit Insurance Corporation, which serves as a risk management tool for depositors by insuring deposits up to $250,000 per depositor, per bank, and ensuring access to funds in the event of bank insolvency.
Definition of "FDIC" as a lender of last resort for banks
This definition applies "FDIC" to its function as a lender of last resort.
"FDIC" means the Federal Deposit Insurance Corporation, which acts as a lender of last resort to failing financial institutions, providing emergency assistance and facilitating orderly resolutions of troubled banks to prevent wider financial disruption.
Definition of "FDIC" as a part of the U.S. financial regulatory framework
This definition ties "FDIC" to its position within the broader financial regulatory framework.
"FDIC" refers to the Federal Deposit Insurance Corporation, an integral part of the U.S. financial regulatory system that works alongside other agencies like the Federal Reserve and the Office of the Comptroller of the Currency (OCC) to ensure the stability and integrity of the nation's banking system.
Definition of "FDIC" as a participant in bank resolution processes
This definition connects "FDIC" to its role in the resolution of failed banks.
"FDIC" refers to the Federal Deposit Insurance Corporation, which plays a key role in resolving failed banks by overseeing the liquidation of assets, paying out insured deposits, and facilitating the orderly transfer of assets and liabilities to maintain financial system stability.
Definition of "FDIC" as a fund for deposit insurance
This definition links "FDIC" to its role in managing deposit insurance funds.
"FDIC" means the Federal Deposit Insurance Corporation, which manages the Deposit Insurance Fund (DIF) used to cover the insured deposits of failed banks, ensuring that depositors do not lose their savings up to the insured limit.
Definition of "FDIC" as a monitor of banking institution soundness
This definition ties "FDIC" to its role in monitoring the soundness of financial institutions.
"FDIC" refers to the Federal Deposit Insurance Corporation, which monitors the financial health of insured banks and thrifts, conducting regular examinations to ensure their compliance with laws and regulations and to assess their ability to maintain solvency and protect depositors.
Definition of "FDIC" as a financial institution insurance provider
This definition connects "FDIC" to its function of insuring financial institutions.
"FDIC" means the Federal Deposit Insurance Corporation, an agency that provides deposit insurance to ensure that customers' funds in member banks are protected up to $250,000, reducing the risk of financial loss in the event of a bank failure.
Definition of "FDIC" as a consumer confidence promoter
This definition ties "FDIC" to its role in promoting consumer confidence in the banking system.
"FDIC" refers to the Federal Deposit Insurance Corporation, an agency that promotes consumer confidence in the U.S. banking system by insuring deposits, providing assurance that depositors' funds are safe even in the event of a bank failure.
Definition of "FDIC" as a public safety net for depositors
This definition connects "FDIC" to its function as a safety net for the public.
"FDIC" means the Federal Deposit Insurance Corporation, which acts as a public safety net for depositors by insuring deposits in participating banks, ensuring that depositors do not lose their funds if a bank fails.
Definition of "FDIC" as a banking crisis mitigator
This definition links "FDIC" to its role in mitigating banking crises.
"FDIC" refers to the Federal Deposit Insurance Corporation, an agency that helps mitigate banking crises by providing deposit insurance and taking necessary actions to resolve failing banks, preventing panic and ensuring the continuity of financial services.
Definition of "FDIC" as a safeguard against banking failures
This definition applies "FDIC" to its role as a safeguard against banking failures.
"FDIC" refers to the Federal Deposit Insurance Corporation, a safeguard designed to protect depositors' savings in the event of a banking failure, ensuring that insured deposits are reimbursed up to the federal limit.
Definition of "FDIC" as a deposit protection agency
This definition ties "FDIC" to its primary role in deposit protection.
"FDIC" means the Federal Deposit Insurance Corporation, a government agency that protects bank deposits by insuring them up to a certain limit, ensuring depositors are reimbursed even if their bank fails.
Definition of "FDIC" as a risk management mechanism for financial institutions
This definition connects "FDIC" to its role in risk management within the banking industry.
"FDIC" refers to the Federal Deposit Insurance Corporation, which serves as a risk management mechanism for financial institutions, helping to stabilize the financial system and protect depositors through its insurance fund and regulatory oversight.
Definition of "FDIC" as a financial institution supervisor
This definition links "FDIC" to its supervisory role over banks and thrifts.
"FDIC" refers to the Federal Deposit Insurance Corporation, an agency responsible for supervising and regulating banks and thrifts to ensure they operate soundly, comply with regulations, and protect the interests of depositors.
Definition of "FDIC" as a financial services safety authority
This definition ties "FDIC" to its broader safety oversight of financial services.
"FDIC" means the Federal Deposit Insurance Corporation, a key authority in the U.S. financial system that oversees financial institutions to maintain safety and soundness in the banking sector, and ensures consumer protection through its deposit insurance programs.
Definition of "FDIC" as an emergency bank closure facilitator
This definition connects "FDIC" to its role in facilitating bank closures.
"FDIC" refers to the Federal Deposit Insurance Corporation, which steps in to facilitate the closure of failed banks, managing the process to protect depositors and minimize the broader impact on the financial system.
Definition of "FDIC" as a financial stability enabler
This definition links "FDIC" to its contribution to financial stability.
"FDIC" means the Federal Deposit Insurance Corporation, a key enabler of financial stability by providing deposit insurance, supervising banks, and ensuring that the banking system operates in a sound and stable manner to avoid disruptions.
Definition of "FDIC" as a bank closure resolution entity
This definition ties "FDIC" to its role in resolving bank closures.
"FDIC" refers to the Federal Deposit Insurance Corporation, an agency that plays a crucial role in resolving the closure of failed banks by taking control of their assets, paying out insured deposits, and minimizing the impact on the financial market.
Definition of "FDIC" as a financial consumer protection body
This definition connects "FDIC" to its consumer protection role in the financial system.
"FDIC" means the Federal Deposit Insurance Corporation, a body that protects consumers in the banking sector by insuring deposits and ensuring that financial institutions operate with transparency, solvency, and accountability.
Definition of "FDIC" as a financial resolution authority
This definition links "FDIC" to its authority in financial resolutions.
"FDIC" refers to the Federal Deposit Insurance Corporation, which has the authority to intervene in the resolution of failing financial institutions, working to maintain public confidence and reduce the systemic impact of a bank collapse.
Definition of "FDIC" as a public trust in banking security
This definition applies "FDIC" to its role in establishing public trust in banking security.
"FDIC" refers to the Federal Deposit Insurance Corporation, which helps establish public trust in the banking system by guaranteeing depositors' funds and ensuring that insured accounts are safe even during times of financial turmoil or bank insolvency.
Definition of "FDIC" as an insurer of savings and investments
This definition ties "FDIC" to its role as an insurer for savings and investments.
"FDIC" means the Federal Deposit Insurance Corporation, which insures the savings and investments of bank customers, ensuring that deposits up to the insured limit are protected in the event of a bank's failure.
Definition of "FDIC" as a financial system stabilizer
This definition connects "FDIC" to its role in stabilizing the financial system.
"FDIC" refers to the Federal Deposit Insurance Corporation, an entity that helps stabilize the U.S. financial system by insuring deposits, overseeing the banking industry, and managing the resolution of failed banks to maintain public confidence.
Definition of "FDIC" as a deposit protection mechanism in case of failure
This definition links "FDIC" to its specific role in protecting deposits during bank failures.
"FDIC" means the Federal Deposit Insurance Corporation, a government agency that serves as a deposit protection mechanism by insuring deposits up to $250,000 per depositor in case of bank failure, ensuring the safety of consumers' funds.
Definition of "FDIC" as a financial oversight authority
This definition applies "FDIC" to its role in financial oversight and supervision.
"FDIC" refers to the Federal Deposit Insurance Corporation, a financial oversight authority that monitors and regulates financial institutions to ensure they maintain proper financial standards, safeguard consumer deposits, and mitigate risks to the economy.
Definition of "FDIC" as a government-backed insurance provider
This definition ties "FDIC" to its status as a government-backed insurer.
"FDIC" means the Federal Deposit Insurance Corporation, a government-backed entity that provides insurance coverage for bank deposits, offering consumers protection against loss if a bank fails, and promoting trust in the financial system.
Definition of "FDIC" as a bank safety enforcer
This definition links "FDIC" to its role in enforcing banking safety standards.
"FDIC" refers to the Federal Deposit Insurance Corporation, an entity that enforces safety regulations for banks, ensuring that financial institutions comply with sound banking practices and that depositors' funds remain protected.
Definition of "FDIC" as a bank resolution and liquidation agency
This definition connects "FDIC" to its function in the resolution and liquidation of banks.
"FDIC" means the Federal Deposit Insurance Corporation, an agency responsible for managing the resolution and liquidation of failed banks by overseeing the distribution of insured deposits and facilitating the orderly transfer of assets to minimize disruption.
Definition of "FDIC" as a regulatory body for financial institutions
This definition ties "FDIC" to its regulatory role for banks and thrifts.
"FDIC" refers to the Federal Deposit Insurance Corporation, a regulatory body that monitors and enforces regulations for financial institutions, ensuring that banks operate in a safe and sound manner to protect consumers and the broader financial system.
Definition of "FDIC" as a safety net for small depositors
This definition connects "FDIC" to its protective role for small depositors.
"FDIC" means the Federal Deposit Insurance Corporation, a safety net that ensures small depositors' savings are protected, insuring deposits up to $250,000 per depositor, even if the bank fails.
Definition of "FDIC" as a crisis prevention tool for the banking system
This definition links "FDIC" to its role in preventing banking crises.
"FDIC" refers to the Federal Deposit Insurance Corporation, a tool used by the U.S. government to prevent financial crises by insuring deposits, regulating financial institutions, and ensuring that failing banks are managed in a way that minimizes broader economic disruption.
Definition of "FDIC" as an insurer of commercial bank deposits
This definition applies "FDIC" to its role in insuring commercial bank deposits.
"FDIC" means the Federal Deposit Insurance Corporation, an agency that insures deposits at commercial banks, protecting customers' funds up to a specific limit and helping maintain the stability of the banking system.
Definition of "FDIC" as a financial system regulator
This definition ties "FDIC" to its role as a broad financial system regulator.
"FDIC" refers to the Federal Deposit Insurance Corporation, a regulatory authority overseeing the soundness and compliance of banks and thrifts to ensure that the financial system operates safely and securely for consumers and the economy.
Definition of "FDIC" as a protector of savings
This definition connects "FDIC" to its function of safeguarding savings.
"FDIC" means the Federal Deposit Insurance Corporation, an entity that protects savings by insuring deposits in participating financial institutions, ensuring that depositors' funds are safeguarded up to the federal limit in the event of bank failure.
Definition of "FDIC" as a participant in bank insolvency proceedings
This definition links "FDIC" to its role in bank insolvency situations.
"FDIC" refers to the Federal Deposit Insurance Corporation, a key participant in bank insolvency proceedings, handling the liquidation of failed institutions, paying out insured deposits, and managing the recovery of assets to protect depositors and maintain financial stability.
Definition of "FDIC" as a financial deposit insurance entity
This definition ties "FDIC" to its status as the primary deposit insurance provider.
"FDIC" means the Federal Deposit Insurance Corporation, the primary entity responsible for providing deposit insurance to bank customers, ensuring that their funds are protected up to $250,000 per depositor, per bank, in case of bank failure.
Definition of "FDIC" as an essential component of the U.S. financial system
This definition connects "FDIC" to its integral role in the U.S. financial system.
"FDIC" refers to the Federal Deposit Insurance Corporation, an essential component of the U.S. financial system that maintains trust in the banking industry by insuring deposits, regulating banks, and ensuring the stability of the financial sector.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.