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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Securities Investor Protection Corporation (SIPC)  

Definition 1.

Protection Corporation (SIPC)
 

Definition 2.

A nonprofit corporation that insures investors against the failure of brokerage houses, similar to the way that the Federal Deposit Insurance Corp. insures bank deposits. Coverage is limited to a maximum of $500,000 per account, but only up to $100,000 in cash. SIPC does not insure against market risk.
 
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