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What does FDIC mean?

Looking for the meaning or definition of the word FDIC? Here's what it means.

Initialism
  1. (US, banking) Federal Deposit Insurance Corporation
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Examples
Two weeks later, the FDIC seized Washington Mutual and wiped out the bondholders.
The FDIC is now exploring options for replenishing the fund, including charging banks a special fee or asking them to prepay future fees.
For further details concerning FDIC coverage see the FDIC website at www. FDIC.gov.
Furthermore, the lower levels of FDIC might be related to the sluggish non-financial investment in Canada in recent years.
In which case, the FDIC will end up paying out on the insurance for overpriced assets.
So far, Wells Fargo is the only big American bank that the FDIC judges capable of that.

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