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FDIC
FDIC Federal Deposit Insurance Corp. An agency of the U.S. government that manages the bank insurance funds, which insure deposits at banks and other qualifying financial institutions up to $100,000 per account in interest and principal.
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Deposit
A cash lump sum, usually expressed as a percentage of the value of the property, given by the buyer to the seller.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Agency
1) The relationship that exists when a person, known as the principal, contracts to another, the agent, to perform an act in that person's stead. 2) Common term for a firm offering representation.
Bank
An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
Interest
Money paid to a lender as compensation for money that is borrowed.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Farm credit system
A national banking system for financing the activities of farmers and ranchers.
Farm Service Agency (FSA)
Formerly the Federal Agricultural Mortgage Corporation (FAMC or Farmer MAC), the FSA is a federal agency of the Department of Agriculture. FSA offers programs to help families purchase or operate family farms.
Farmer's Home Administration (FmHA)
An agency of the federal government that provides credit assistance to farmers and other individuals who live in rural areas.
Farming
Prospecting an area for buyers or sellers.
Fascia
A board that connects the ends of the roof rafters and provides a surface to support gutters.
FDIC
Fed
Congress founded the Federal Reserve, the central bank of the United States, in 1913. It conducts the nation's monetary policy and regulates its banks in order to achieve a flexible and stable economy.
Federal Advisory Council
An advisory group consisting of one member elected from each of the 12 Federal Reserve Districts who meet with the Federal Reserve Board of Governors at least four times each year to make recommendations on business and financial matters.
Federal Deposit Insurance Corporation (FDID)
An independent federal agency that insures the deposits in commercial banks.
Federal discount rate
The interest rate at which an eligible financial institution may borrow funds directly from a Federal Reserve bank. Banks whose reserves dip below the reserve requirement set by the Federal Reserve's board of governors use that money to correct their shortage.
Federal Fair Housing Law
In 1968, Congress enacted Title VIII of the Civil Rights Act, called the Federal Fair Housing Act, which declared a national policy of providing fair housing throughout the United States (reference Sections 3601-3631 of Title 42, United States Code). This law makes discrimination based on race, color, sex, familial status, handicap, religion or national origin illegal in connection with the sale or rental of most dwellings and any vacant land offered for residential construction or use.
This dictionary contains 6433 terms. |
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