depositors' guaranty fund
- depositors' guaranty fund
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A fund to which the banks of a state contribute according to the amount of their deposits, established for the protection of depositors, that is, to make the currency of checks secure and also to protect the depositors in respect of their deposits. 10 Am J2d Banks § 424. See permanent insurance fund.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
guaranty fund — See depositors guaranty fund; reserve … Ballentine's law dictionary
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