ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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FEDERAL DEPOSIT INSURANCE CORPORATION Definition
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) is an agency of the federal government that insures accounts at most commercial banks and mutual savings banks. The FDIC also has primary federal supervisory authority over insured state banks that are not members of the Federal Reserve System.
Learn new Accounting Terms
DISHONORED NOTE is a note on which a debtor has defaulted.
COLLATERALIZE is to pledge property as security (collateral) for a debt.