Insured

Meanings

To make a pledge to (someone); to promise, guarantee (someone of something); to assure.
To provide for compensation if some specified risk occurs. Often agreed by policy (contract) to offer financial compensation in case of an accident, theft or other undesirable event.
The person or persons whose interests are protected by an insurance policy.

Insurance: something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract
Federal Deposit Insurance Corporation: FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed with non-bank fintech financial technology companies
Insured Cash Sweep: The Insured Cash Sweep or ICS service is used by banks and savings associations that are insured by the Federal Deposit Insurance Corporation (FDIC). In