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Securities Investor Protection Corp.

Securities Investor Protection Corp. definition - finance
A nonprofit corporation that insures investors against the failure of brokerage houses. SIPC (pronounced sip-ic) limits coverage to a maximum of $500,000 per account, but only up to $100,000 in cash. It does not insure against market risk.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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