Finance And Economics Terms

noun a booth where tolls are collected, typically on a highway or bridge

• The tollbooth is located at the entrance of the highway.
• Don't forget to pay at the tollbooth on your way out.
• I always try to sneak past the tollbooth without paying.
• Dealing with difficult customers all day can feel like a tollbooth on my patience.

noun a specific organization or entity

• The Federal Deposit Insurance Corporation is an independent agency that provides deposit insurance to depositors in US banks.
• You don't have to worry about losing your money in the bank because of the Federal Deposit Insurance Corporation.
• The FDIC has got your back when it comes to keeping your money safe in the bank.
• The Federal Deposit Insurance Corporation acts as a financial safety net for depositors in case of bank failures.