| Federal Deposit Insurance Corporation |
a U.S. governmental agency that insures deposits in member commercial banks up to a certain amount to protect the public against a bank's failure, and can act to prevent a bank's failure. (abbr.: FDIC) |
| Federal Insurance Contributions Act |
a federal tax law requiring employers to withhold a certain amount from employees' paychecks or wages for deposit in governmental accounts that fund Social Security. (abbr.: FICA) |
| fire insurance |
insurance against loss or damage of property caused by a fire. |
| hospitalization insurance |
insurance held by an individual or family which pays for expenses incurred due to hospital stays and treatment. |
| life insurance |
insurance that guarantees payment of a specific sum to a named beneficiary upon the death of the insured or to a policyholder who reaches a certain specified age. |