Legal investments

Legal investments
Investments that a regulated entity is permitted to make under the rules and regulations that govern its investing. ...

legal list A list of legal investments for savings banks and trust funds, as determined... legal monopoly A firm granted by the federal government the exclusive rights of offering a...

A list of legal investments that are selected by various states in which institutions and fiduciaries, such as insurance companies and banks, may invest. The list is usually comprised of high quality debt and equity securities.

Investment-Grade Bonds, as rated by Standard & Poor's or Moody's, usually qualify as legal investments. Guidelines designed to protect investors are set by the state in which the fiduciary operates. See also Legal List; Prudent-Man Rule.

A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.
Legal investments ...

See also: Reorg, Banks, Expense, Required return, High-yield bond