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Authorized Investment

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Authorized Investment
An investment made in accordance with a trust or a client's wishes or other instructions. It is illegal for a fiduciary agent or a trustee to make anything other than an authorized investment. This contrasts with a legal investment, which is an investment a regulated institution is allowed to make by the government.


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The principal business objective is to acquire, hold, and manage mortgage-backed securities and other authorized investments that will generate net income for distribution to shareholders.
DAMASCUS, (SANA) - the number of authorized investment projects during the first 3 months of the year 2010 raised to 105 projects with a total cost of about 12.
The Israeli army radio recently announced that Israel's 2009 budget includes $250 million allocated for settlement expansion in the West Bank and has authorized investments and building projects in the area the value of $7.
 
 
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