Securities Investor Protection Corporation (SIPC)

Securities Investor Protection Corporation (SIPC)

A nonprofit corporation that insures customers' securities and cash held by member brokerage firms against the failure of those firms.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: General Finance
Company: Bloomberg
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Securities Investors Protection Corporation (SIPC)

Banking; Personal banking

A private corporation providing insurance to brokerage firms to cover customer accounts up to $500,000 in securities (including $100,000 in cash).

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