the FSCS

the FSCS
the FSCS UK US noun
BANKING, FINANCE, GOVERNMENT ABBREVIATION FOR FINANCIAL SERVICES COMPENSATION SCHEME(Cf. ↑Financial Services Compensation Scheme): in the UK, an official system that gives money back to people who lose money because of mistakes made by financial organizations such as banks: »

If the insurance company couldn't pay out claims, the FSCS would act.


Financial and business terms. 2012.

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