CDIC meaning in Business ?

Answer: What is Canada Deposit Insurance Corporation mean?

The Canada Deposit Insurance Corporation (CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. CDIC insures Canadians' deposits held at Canadian banks (and other member institutions) up to C$100,000 in case of a bank failure. CDIC automatically insures many types of savings against the failure of a financial institution. However, the bank must be a CDIC member and not all savings are insured. CDIC is also Canada's resolution authority for banks, federally regulated credit unions, trust and loan companies as well as associations governed by the Cooperative Credit Associations Act that take deposits.

reference

Full Form	Category
Center for Data Intensive Computing	Academic & Science
Coastal Data and Information Center	Academic & Science
CardioDynamics International Corporation	Business
Canada Deposit Insurance Corporation	Business
Cyber Defense Initiative Conference	Community
Community Development Improvement Corporation	Community
China Daily Information Company	Community
Canadian Dairy Information Centre	General
Centre for Defence Industry Capability	General
Cosmetic and Dental Implant Center	Medical
Chronic Disease Innovation Centre	Medical
Chronic Disease and Injury Control	Medical
Canada Development Investment Corporation	Regional
Canadian Deposit Insurance Corporation	Regional