Your deposits are protected up to B$50,000 per depositor, per member institution.
Glossary

A-Z glossary.

Search common terms used in deposit insurance, member institutions, and claims information.

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Account Balance

The dollar amount including principal and interest for a specific account.

Assessment Base

The base used to calculate premiums or levies.

Bank Draft

A cashable instrument drawn by a bank against its own funds.

Bank Run

A rapid withdrawal of deposits driven by fear that a bank may fail.

Beneficiary

A person or entity with an interest in a trust account.

Bond

A debt instrument issued by a government, bank, or corporation.

Bye-law

A rule made under authority granted by a higher law.

Cashier's Check

A bank-drawn check that may be treated as a deposit product.

Certificate of Deposit

A time or fixed deposit that may earn interest over a set period.

Claim

An assertion of indebtedness owed by a failed institution.

Deposit Insurance

A system established to protect depositors if an insured institution cannot meet obligations.

Joint Account

A deposit account owned by two or more people with withdrawal rights.