noun
lifting of the blanket guarantee on bank deposits; introduction of limited deposit insurance
Refers to the policy change, particularly in Japan around 2002–2005, where the government ended full protection of all bank deposits and moved to a system with a cap on insured amounts. Often used in economic and financial news contexts.
ペイオフ解禁後は、預金が全額保護されるとは限らなくなった。
After the lifting of the blanket guarantee, deposits are no longer necessarily fully protected.
ペイオフ解禁に備えて、複数の銀行に預金を分散する人が増えた。
In preparation for the introduction of limited deposit insurance, more people spread their deposits across multiple banks.
Compound of ペイオフ (from English 'payoff', referring to deposit insurance payouts) and 解禁 (lifting of a ban). The term became common in Japanese financial discourse in the early 2000s.