transferred deposit
Defined in 1 place of the United States Code.
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.
Source
- 1994–present12 U.S.C. § 1813Banks and Banking · Definitions · as used in this chapter