FDIC
FDIC definition by Slang.net
This page explains what the acronym "FDIC" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.
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An acronym for a U.S. government corporation that provides deposit insurance in order to guarantee a depositor's accounts in member banks up to $250,000 per bank; created by the Banking Act of 1933 and began on January 1st, 1934.