It is of Old English origin, and the meaning of Kim is Cyneburg's field. Short form of Kimberly, used as an independent name since the mid 20th century, influenced by actresses Kim Novak and Kim Basinger. Kim is also a Korean name meaning gold. Actress Kim Catrall.
Joint bank accounts must be held with equal ownership to be FDIC-insured up to the $250,000 limit for each depositor. For example, a parent and child on a joint account must have the same capacity to withdraw the funds to maximize the FDIC protection.
More than 4,900 U.S. banks are regulated by the Federal Deposit Insurance Corporation. The FDIC grants $250,000 worth of insurance to holders of savings and checking account in the event of a bank failure. During the 2008 economic crisis, the FDIC took over 25 banks in the United States.