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 protects depositors by covering the loss of their deposits up to a certain limit in the event of a bank failure.

Interpreter Notes

Interpreters should be aware that the term may be used in financial contexts related to banking and insurance. Common variants include 'FDIC' and 'Federal Deposit Insurance'. It is important to maintain a formal register and avoid colloquial expressions when interpreting this term.

Example Sentences

EN: The Federal Deposit Insurance Corporation (FDIC) insures deposits at banks and savings associations.

ES: La Corporación Federal Aseguradora/Garantizadora de Depósitos asegura los depósitos en bancos y asociaciones de ahorro.

Common Interpreter Mistakes

Confusing FDIC with similar financial terms; mispronouncing 'Corporación' as 'Corporación'; using informal language instead of formal register.