Deposit Insurance

Explicit deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that is meant to promote financial stability, but can in fact do the opposite.

Read more about Deposit Insurance:  Why It Exists, How It Works, Overview By Country, Economic Impact, Criticisms of State-Sponsored Deposit Insurance, Deposit Insurance Organizations and Programmes

Famous quotes containing the words deposit and/or insurance:

    A real life, a life that leaves a deposit in the shape of something alive.... It’s difficult to say what makes a life a real life.... You could also say it depends on a person being identical with himself.
    Max Frisch (1911–1991)

    Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!
    S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)