Definitions for "Deposit Insurance"
Keywords:  cdic, insolvent, canada, cudic, cdn
A mechanism to stabilize the banking system. Usually a guarantee scheme for deposits, based on legislation such as the central bank law, banking law, or the constitution.
Certain types of deposits with a financial institution are insured up to a maximum amount, in the event that the financial institution fails (i.e., goes bankrupt).
U.S. government backing of bank deposits up to a certain amount -- currently, $100,000.