covered deposit
Defined in 1 dictionary — U.S. Code
United States Code
12 U.S.C. § 1831F — in this section
The term “covered deposit” means a deposit that—
(i) is submitted for placement through a deposit placement network by an agent institution; and
(ii) does not consist of funds that were obtained for the agent institution, directly or indirectly, by or through a deposit broker before submission for placement through a deposit placement network.