FDIC, the /ˌef diː aɪ ˈsiː/
abbreviation for the Federal Deposit Insurance Corporation; a US government organization which exists to protect people's bank accounts. If your bank is a member of the FDIC and it cannot pay its debts, the FDIC will pay you the amount that you kept in the bank, up to $100,000.
[TahlilGaran] Dictionary of Contemporary English ▲