Bank deposit insurance

the protection of bank deposits against the insolvency of banks in the U.S., up to a specified maximum per account that is revised periodically, under special insurance through the Federal Deposit Insurance Corporation.


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    a draft drawn by one bank on another. Historical Examples It will save a lot of trouble if you will have the bank draft made out in my name. Doris Force at Locked Gates Julia K. Duncan bank draft—An order drawn by one bank on another for the purpose of paying money. Cyclopedia of Commerce, […]

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