Meaning of Federal Deposit Insurance Corporation

Fed'eral Depos'it Insur'ance Corpora"tion

Pronunciation: [key]
  1. a public corporation, established in 1933, that insures, up to a specified amount, all demand deposits of member banks. Abbr.: FDIC
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.