(FDIC) U.S. corporation insuring deposits in the United States against bank failure; it provides deposit insurance guaranteeing the safety of a depositor's accounts in member banks up to $250,000 for each deposit ownership category in each insured bank

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1. (FDIC) U.S. corporation insuring deposits in the United States against bank failure; it provides deposit insurance guaranteeing the safety of a depositor's accounts in member banks up to $250,000 for each deposit ownership category in each insured bank