Definition: The U.S. agency that insures eligible deposits at FDIC-insured banks. Standard coverage is $250,000 per depositor, per insured bank, for each account ownership category.
Example
A depositor checks both the bank's insurance status and how accounts are grouped by ownership category.
Keep the distinction clear
FDIC insurance does not cover stocks, mutual funds, or ordinary investment losses. Multiple accounts in the same category at one bank do not automatically multiply coverage.
Related terms
Demand Deposit · Escrow Account · Investment
Keep studying
Florida Escrow Accounts: Personal Funds and Interest-Bearing Accounts
References: FDIC: understanding deposit insurance
Pronunciation (US): FED-er-ul dih-PAH-zit in-SHOOR-unss kor-puh-RAY-shun; ef-dee-eye-SEE (capitals show stress)
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