federally insured deposit or account
Defined in 1 place of the United States Code.
The term “federally insured deposit or account” means any deposit or account in a financial institution to the extent such deposit or account is insured under Federal law by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, the National Credit Union Administration, or any similar federally chartered corporation.
Source
- 1994–present26 U.S.C. § 149Internal Revenue Code · Bonds must be registered to be tax exempt; other requirements · in this section