Definitions

from The Century Dictionary.

  • noun The assimilated form of dis- before feminine See dis-.
  • noun A form of de- before feminine See de-.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun difference

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

Shortened from difference

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  • In February, 2006, President George W. Bush signed into law The Federal Deposit Insurance Reform Act of 2005. Among the highlights of this law was merging the Bank Insurance Fund (BIF) and the Savings Association Insurance Fund (SAIF) into a new fund, the Deposit Insurance Fund (DIF). This change was made effective March 31, 2006. The FDIC maintains the DIF by assessing depository institutions an insurance premium. Bank failures typically represent a cost to the DIF because FDIC, as receiver of the failed institution, must liquidate assets that have declined substantially in value while at the same time making good on the institution's deposit obligations. In July 2008, IndyMac Bank failed and was placed into receivership and cost the DIF $8.9 billion. Due to the failures of IndyMac and other banks, the DIF fell in the second quarter of 2008 to $45.2 billion.

    October 31, 2008