If you are searching for the meaning of Federal Deposit Insurance Corporation (FDIC) in real estate and also a definition of Federal Deposit Insurance Corporation (FDIC), then this blog post is helpful for you.
Definition
The Federal Deposit Insurance Corporation’s mission is to maintain the stability of and public
confidence in the nation’s financial system. To achieve this goal, the FDIC has insured deposits
and promoted safe and sound banking practices since 1933. FDIC insurance is offered at almost
every US bank and savings and loan. In general, the FDIC insures individual accounts in each
financial institution for a maximum of $100,000.00 per account. An individual or entity may only
be insured for a total of $100,000.00 for all the accounts held in any one institution, or any of its
branches.
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