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compulsory deposit insurance
abbr. statutory deposit insurance (contribute to statutory deposit insurance since 2008 (Central Bank of Ireland, 2010). In contrast, chancellor George Osborne has stated that UK deposits carry no implicit guarantee beyond statutory deposit insurance. Statutory deposit insurance, along the lines of compulsory car insurance, may be the answer here. ... no bail out of shareholders; and any assistance given to savers must be strictly limited to the terms of the statutory deposit insurance scheme. UK Alexander Demidov)