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transferred deposit

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1813 — as used in this chapter

The term “transferred deposit” means a deposit in a new bank or other insured depository institution made available to a depositor by the Corporation as payment of the insured deposit of such depositor in a closed bank, and assumed by such new bank or other insured depository institution.