Meaning of FDIC, THE in English

FDIC, the /ˌef diː aɪ ˈsiː/ BrE AmE

abbreviation for the Federal Deposit Insurance Corporation; a US government organization which exists to protect people's bank accounts. If your bank is a member of the FDIC and it cannot pay its debts, the FDIC will pay you the amount that you kept in the bank, up to $100,000.

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.