FDIC Insurance definition

FDIC Insurance means deposit insurance that covers certain types of accounts at FDIC-insured banks.
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FDIC Insurance. Such Seller is either an insured institution for purposes of the Federal Deposit Insurance Act or is a bankruptcy-remote entity. The representations and warranties of each Seller set forth in this Section 2.03 shall survive the transfer and assignment by such Seller of the respective Receivables to the Trust. Upon discovery by such Seller, the Servicer or the Trustee of a breach of any of the representations and warranties by such Seller set forth in this Section 2.03, the party discovering such breach shall give prompt written notice to the others. Such Seller agrees to cooperate with the Servicer and the Trustee in attempting to cure any such breach. For purposes of the representations and warranties set forth in this Section 2.03, each reference to a Supplement shall be deemed to refer only to those Supplements in effect as of the relevant Closing Date.
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FDIC Insurance. The funds in your Account will be FDIC insured up to a maximum of $250,000.00 or such lower or higher limit as may be established by the Federal Deposit Insurance Corporation from time to time.
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Examples of FDIC Insurance in a sentence

  • No FDIC Insurance for Investments: I recognize that investments purchased and/or held within my Account: 1) may not be insured by the Federal Deposit Insurance Corporation (FDIC); 2) are not a deposit or other obligation of, or guaranteed by, either the Custodian or the Administrator; and 3) are subject to investment risks, including possible loss of the principal amount invested.

  • The current target maximum amount of FDIC Insurance coverage for your deposits in the BID program is up to $5 million (for an individual account) or up to $5 million per each individual owner of a joint account (e.g., for a joint account with two individual owners – up to $10 million) (Maximum Applicable FDIC Deposit Insurance Amount), subject to the total amount on deposit in an account, applicable FDIC rules, and bank availability.

  • The pledge of approved securities is waived only to the extent of the depository bank's dollar amount of Federal Deposit Insurance Corporation (FDIC) Insurance.

  • Any amounts exceeding FDIC Insurance limit as presently set or subsequently revised are to be insured to the Town by requiring a pledging of appropriate collateral by the designated bank or trust company.

  • FDIC Insurance Coverage In GeneralThe Deposit Accounts (including principal and accrued interest) are insured by the FDIC, an independent agency of the U.S. Government, to the Maximum Applicable FDIC Deposit Insurance Amount set bythe FDIC for all deposits held in the same insurable capacity at any one Bank as more fully explained below.

  • The negotiable certificates of deposit are generally covered by FDIC Insurance.

  • No FDIC Insurance for Investments: I recognize that investments purchased and/or held within my account: 1) are not insured by the Federal Deposit Insurance Corporation (FDIC); 2) are not a deposit or other obligation of, or guaranteed by, either the Custodian or the Administrator; and 3) are subject to investments risks, including possible loss of the principal amount invested.

  • FDIC Insurance Coverage: Balances on deposit in the Bank Deposit Sweep Programs, together with any other of your deposits at the Program Banks, are insured by the FDIC, an independent agency of the U.S. government, up to a maximum amount in accordance with the rules of the FDIC.

  • FDIC Insurance Coverage Balances on deposit in the Bank Deposit Sweep Programs, together with any other of your deposits at the Program Banks, are insured by the FDIC, an independent agency of the U.S. government, up to a maximum amount in accordance with the rules of the FDIC.

  • FDIC Insurance: This product is eligible for FDIC insurance subject to the terms and limitations of the FDIC.


More Definitions of FDIC Insurance

FDIC Insurance. Bank is an insured bank under the provisions of Chapter 16 of Title 12 of the United States Code relating to the Federal Deposit Insurance Corporation, and no act or default on the part of the Bank has occurred which might materially and adversely affect the status of Bank as an insured bank under said Chapter 16.
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FDIC Insurance. Pershing has established standing instructions with the Bank to ensure that Pershing maintains control over your balance in BWIC and BICA at all times. FDIC Insurance protects your balance in BWIC and BICA in the event of the failure of the Bank, up to allowable limits as determined by the FDIC. However, any money held at the Bank outside of the Cash Sweep account will impact the insurance coverage available on your BWIC or BICA balance. Neither Pershing, nor BWIS, takes any responsibility for monitoring the money you hold at the Bank outside of the Cash Sweep account to determine if you are over the $250,000 per depositor insurance limit. You are solely responsible for monitoring your total deposits at the Bank, including the amount held in the BWIC or BICA Cash Sweep, as they relate to FDIC Insurance. Securities Investor Protection Corporation (“SIPC”): SIPC protects customer assets up to $500,000 (of which not more than $250,000 may be in cash) held at broker-dealers, such as Pershing, in the event of the failure of the broker-dealer. However, assets covered under FDIC Insurance (see above) are exempted from SIPC coverage. While your cash is at Pershing awaiting the sweep to BWIS, or is at Pershing coming out of BWIS when you withdraw it or use it for a securities transaction, it is subject to SIPC protection. But SIPC protection is not available for deposits in the Cash Sweep account while they are held at BWIS. SIPC protection is different from FDIC insurance – for more information, see xxxxx://xxx.xxxx.xxx/for-investors/what-sipc-protects.
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FDIC Insurance. This product is eligible for FDIC insurance subject to the terms and limitations of the FDIC. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. For further information on FDIC insurance, please refer to the FDIC website at xxx.xxxx.xxx or call 0.000.000.0000. Xxxxxxxx has established standing instructions with the Bank to ensure that Pershing maintains control over your funds at all times. FDIC insurance protects you in the event of the failure of the Bank. However, any money you hold at the Bank outside of the Sweep Account may impact the insurance coverage available, as neither Pershing, nor BWIS, takes any responsibility for money you may have at the Bank outside of the Sweep Account. You are solely responsible for monitoring your deposits as they relate to FDIC Insurance. Securities Investor Protection Corporation (“SIPC”): SIPC insures customer assets up to $500,000 of which not more than $250,000 may be in cash held at broker-dealers, such as Pershing, in the event of the failure of the broker-dealer. However, assets covered under FDIC insurance (see above) are exempted from SIPC coverage. Therefore, SIPC coverage is not available for deposits in the Sweep Account.
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FDIC Insurance. Your funds are deposited into Depository Accounts at the Depository Banks along with funds from other FICA Depositors. The FICA Custodian keeps records of how much each FICA Depositor has on deposit in each Depository Bank based on information supplied to the FICA Custodian by StoneCastle. Each FICA Depositor will be entitled to FDIC insurance on all of its FICA Account funds on deposit in each Depository Bank in the event of the failure of a Depository Bank unless insurance coverage is impacted by any money you hold at a Depository Bank outside the FICA Program. In the event of a failure of a Depository Bank, StoneCastle will promptly cause the FICA Custodian to submit an insurance claim to the FDIC on behalf of the FICA Depositors who have amounts on deposit through one or more Depository Accounts at the Depository Bank. Neither StoneCastle nor the FICA Custodian monitors or takes any responsibility for money you may have at a Depository Bank outside of your FICA Account. You are solely responsible for monitoring your FDIC coverage at any Depository Bank to ensure that your funds on deposit at any Depository Bank do not exceed the SMDIA. The FICA Account is a custodial account maintained by the FICA Custodian which may contain cash and reflects your ownership of bank deposit accounts at Depository Banks. The FICA Custodian acts as your custodian for amounts on deposit through Depository Accounts at the Depository Banks. Amounts in the Depository Accounts are obligations of the Depository Banks and qualify for FDIC insurance for each FICA Depositor in the amounts shown on the records of the FICA Custodian as per the rules of the FDIC.
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FDIC Insurance. All value on the Card is shown in U.S. dollars. If the card is registered, the unused value of the Card balance accessible by the Card is insured by the Federal Deposit Insurance Corporation, in accordance with FDIC Rules. How to Use Your Card
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Related to FDIC Insurance

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Excess insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • First party insurance means an insurance policy or contract in which the insurer

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Property Insurance is defined in Section 6.10(a).

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Domestic insurer means an insurer organized under the laws of this state.

  • Blanket insurance policy means a group policy covering a defined class of

  • Self-insurance means the licence holder's financial capacity to meet any liability to a third party in respect of which the licence holder does not otherwise have insurance.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Primary insurance means the policies listed in this policy’s Umbrella Schedule.

  • Insured means the Executive.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Casualty insurance means liability insurance.

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Personal lines insurance means property and casualty insurance coverage sold for primarily noncommercial purposes to: