### Question
What is the definition of covered deposit?


### Answer
The definition of **covered deposit** is as follows in *12 U.S.C. § 1831f*:

> a deposit that—


(i) is submitted for placement through a deposit placement network by an agent institution

#### Citation:
  - *12 U.S.C. § 1831f*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

