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)
“The Republican convention, an event with the intellectual content of a Guns’n’Roses lyric attended by every ofay insurance broker in America who owns a pair of white shoes.”
—P.J. (Patrick Jake)