insured account

A bank or financial account that is insured for the benefit of the depositor, protecting against loss in the event that the savings institution becomes insolvent. Bloomberg Financial Dictionary
See: FDIC. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Look at other dictionaries:

  • insured account — /ɪnˌʃυəd ə kaυnt/ noun an account with a bank which is insured by the customer’s insurance …   Dictionary of banking and finance

  • insured account — Fin an account with a bank or savings institution that belongs to a federal or private insurance organization …   The ultimate business dictionary

  • FDIC Insured Account — An account that meets the requirements to be covered or insured by the Federal Deposit Insurance Corporation (FDIC). An FDIC Insured Account has to be in a bank that is a participant of the FDIC program. The different accounts that can be FDIC… …   Investment dictionary

  • insured money market account — /ɪnˌʃυəd mʌni ˌmɑ:kɪt əˌkaυnt/ noun a high yield account, in which the investor has to deposit a certain minimum sum, which is insured by the provider against capital loss. Abbreviation IMMA …   Dictionary of banking and finance

  • Electronic Transfer Account - ETA — A bank account for federal payment recipients who do not have checking or savings accounts. Instead of receiving federal payments by check for Social Security, SSI, the Railroad Retirement Board, OPM retirement, VA benefits, DOL/Black Lung and… …   Investment dictionary

  • Public Unit Account — An account that holds funds provided by the United States government and its agencies. Public unit accounts include deposit accounts of the United States, including federal agencies; any state, county, municipality or a political subdivision… …   Investment dictionary

  • Deposit account — Deposits redirects here. For other uses, see Deposit (disambiguation). Banking A series on …   Wikipedia

  • Health savings account — A Health Savings Account (HSA) is a tax advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal… …   Wikipedia

  • Merchant account — A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of credit… …   Wikipedia

  • Money market deposit account — A money market account is a deposit account with a relatively high rate of interest, and short notice (or no notice) required for withdrawals. In the United States, it is a style of instant access deposit subject to federal savings account… …   Wikipedia

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