Plain-English definitions for the terms you'll encounter on your financial journey.
Foreign Direct Investment happens when a person or business from one country buys a physical asset or starts a business in another country. It is like opening a local bakery in a foreign land rather than just buying stock in a company there, creating real jobs and buildings in that community.
The Federal Deposit Insurance Corporation is a government agency that protects your money if your bank happens to go out of business. It is essentially an insurance policy for your bank account that guarantees your deposits are safe up to a certain amount, so you do not have to worry about losing your life savings.
Protection provided by the Federal Deposit Insurance Corporation that guarantees the safety of deposits in member banks up to a certain limit.
An investment made by a firm or individual in one country into business interests located in another country, usually by establishing business operations or acquiring assets.
Protection provided by the National Credit Union Administration that covers deposits in credit unions similarly to FDIC insurance.