Meaning of Federal Savings and Loan Insurance Corporation

Fed'eral Sav'ings and Loan' Insur'ance Corpora"tion

Pronunciation: [key]
  1. a public corporation, established in 1934, that insures, up to a specified amount, all deposits in member savings and loan associations. Abbr.: FSLIC
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.