Description

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that provides deposit insurance to depositors in U.S. commercial banks and savings institutions. It was created to maintain public confidence in the financial system by protecting deposits against bank failures.

Interpreter Notes

Interpreters should be aware that the term may be used in discussions about financial health or banking practices, particularly in contexts involving patient financial concerns related to healthcare. Avoid colloquial terms such as 'aseguradora de depósitos' and stick to the formal term to maintain professionalism.

Example Sentences

EN: The Federal Deposit Insurance Corporation (FDIC) ensures that depositors are protected in the event of a bank failure.

ES: La Corporación Federal Aseguradora/Garantizadora de Depósitos garantiza que los depositantes estén protegidos en caso de quiebra de un banco.

Common Interpreter Mistakes

Confusing FDIC with other financial terms; mispronouncing 'Corporación' as 'Corporación'; using informal language instead of the formal term.