- Deposit Insurance Fund
Deposit Insurance Fund (DIF)USAA fund that is maintained by the Federal Deposit Insurance Corporation (FDIC), funded primarily though the insurance premiums charged to insured depository institutions. The DIF allows the FDIC to expedite payment and make up for any shortfalls from a failed depository institution's assets when it is satisfying the claims of insured depositors during the receivership process.For more information, see Practice Note, Understanding the FDIC and Deposit Insurance Coverage (www.practicallaw.com/0-386-5607).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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banking insurance fund — Fin a fund maintained by the Federal Deposit Insurance Corporation to provide deposit insurance for banks other than savings and savings and loan banks … The ultimate business dictionary