Deposit Insurance
Definition
A government guarantee on small deposits at insured banks. Prevents runs by reassuring depositors their cash is safe.
Example
US FDIC insurance covers up to $250,000 per depositor per insured bank.
A government guarantee on small deposits at insured banks. Prevents runs by reassuring depositors their cash is safe.
US FDIC insurance covers up to $250,000 per depositor per insured bank.