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FDIC abbreviation of "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.
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)