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Definition of fdic

fdic

/ˌɛf.diː.aɪˈsiː/
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fdic Lexical Profile

• noun

1

American An independent agency of the United States federal government (Federal Deposit Insurance Corporation) that insures deposits in commercial banks and savings institutions and monitors financial stability.

Example

"The customer verified that her savings account was protected by the FDIC up to the standard coverage limit."

• Rhymes for fdic

• Nearby Words

faze
fbi
fda
fdic
feae viper
fear
fearful

Word Origin & Etymology

An initialism for the Federal Deposit Insurance Corporation, established in 1933 under the Banking Act signed by President Franklin D. Roosevelt during the Great Depression.

Cite this Entry

Wordmom. (2026). Definition of Fdic. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/fdic
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