Deposit Insurance Fund

Deposit Insurance Fund

An entity under the control of the Federal Deposit Insurance Corporation, with two subfunds called the Bank Insurance Fund and the Savings Association Insurance Fund. Depositors are insured to the extent of $100,000 of deposits per depositor per insured institution. Bank customers who buy securities offered by the financial institution do not receive insurance for those securities.By law,one should see prominently displayed on all such literature:“Not Insured by FDIC.”

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.