Daily Almanac for
Nov 28, 2009
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Dictionary


bank' depos"it insur"ance




the protection of bank deposits against the insolvency of banks in the U.S., up to a specified maximum per account that is revised periodically, under special insurance through the Federal Deposit Insurance Corporation.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

bank depositbank discount
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