deposit insurance

deposit insurance definition - finance
Insurance that is charged to banks, savings and loans, and credit unions to fund federal insurance programs that reimburse depositors in the event that a financial institution collapses. The charge for the insurance is based on the amount of assets on deposit. See also Federal Deposit Insurance Corporation.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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