preferred deposits
Defined in 1 place of the United States Code.
Preferred deposits.—The term "preferred deposits" means deposits of any public unit (as defined in paragraph (1)) at any insured depository institution which are secured or collateralized as required under State law.
Source
- 1994–201512 U.S.C. § 1813Banks and Banking · Definitions · as used in this chapter
The term “preferred deposits” means deposits of any public unit (as defined in paragraph (1)) at any insured depository institution which are secured or collateralized as required under State law.
Source
- 2013–present12 U.S.C. § 1813Banks and Banking · Definitions · as used in this chapter