Bank insurance fund


 

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Bank insurance fund

In the US, a fund held by a section of the Federal Deposit Insurance Corporation as deposit insurance for banks excluding thrifts.



Similar Matches

Nonparticipating life insurance policy

Nonparticipating life insurance policy

Life insurance policy whose policyholders do not receive dividends, because they are not participants in the interest, dividends, and capital gains earned by the insurer on premiums paid.


Convertible term insurance

Convertible term insurance

Term life insurance which can be converted into cash value insurance. In the UK the equivalent (convertible term assurance) is conversion of term assurance into endowment assurance.


Insurance policy

Insurance policy

The document which specifies the details and conditions of cover of an insurance contract together with the premium payable.


Federal Deposit Insurance Corporation

Federal Deposit Insurance Corporation

In the US, the federal agency that acts as guarantor for funds deposited in member banks.


Endowment insurance

Endowment insurance

A cash value life insurance policy with a fixed term. Premiums are applied to give life insurance cover for the face amount and at the end of the term the cash value will equate to the face amount and be payable.


Further Suggestions

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Insurance principle


 
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