legal list

legal list
legal list n: a statutory list of types of investments that fiduciaries are permitted to make on behalf of others compare prudent man rule

Merriam-Webster’s Dictionary of Law. . 1996.

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  • legal list — n. investments that banks and certain other fiduciaries are legally authorized to make …   English World dictionary

  • legal list — A list of high quality debt and equity securities chosen by a state agency that are acceptable holdings for fiduciary institutions. Bloomberg Financial Dictionary * * * legal list UK US noun [C] FINANCE, LAW ► in the US, a list of investments… …   Financial and business terms

  • legal list statutes — State laws that enumerate the investments into which certain institutions and fiduciaries those who manage money and property for another and who must exercise a standard of care in such activity in accordance with law or contract can venture.… …   Law dictionary

  • legal list — A list of investments selected by various states in which certain institutions and fiduciaries, such as insurance companies and banks, may Legal lists are often restricted to high quality securities meeting certain specifications. See also legal… …   Black's law dictionary

  • legal list — A list of investments selected by various states in which certain institutions and fiduciaries, such as insurance companies and banks, may Legal lists are often restricted to high quality securities meeting certain specifications. See also legal… …   Black's law dictionary

  • legal list — Law. a list of investments that fiduciaries and certain institutions, such as banks and insurance companies, are legally authorized to make. * * * …   Universalium

  • legal list — / li:g(ə)l lɪst/ noun a list of blue chip securities in which banks and financial institutions are allowed to invest by the state in which they are based …   Dictionary of banking and finance

  • legal list — Law. a list of investments that fiduciaries and certain institutions, such as banks and insurance companies, are legally authorized to make …   Useful english dictionary

  • Legal List — A selection of eligible companies and investments, determined by local state governments, for institutions such as insurance companies and pension plans. These are generally low risk, low volatile investments that insure the well being of… …   Investment dictionary

  • legal — [lē′gəl] adj. [MFr légal < L legalis < lex (gen. legis), law, prob. < IE base * leg̑ , to collect > L legere, Gr legein, to collect] 1. of, created by, based upon, or authorized by law 2. in conformity with the positive rules of law;… …   English World dictionary

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