Authorized Investment

(redirected from Authorized Investments)

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.
References in periodicals archive ?
Prequalification are invited for Depository Banks and Broker/Dealers and Banks to Provide Authorized Investments to CTA on an As-Needed Basis.
Bush authorized investments in the auto industry the month before his term ended.
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.
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.
Authorized investments would include FDIC insured accounts, daily bank repurchase agreements (REPOS) or appropriate safeguarded invesment products such as government money market funds.
City councils, boards, and supervisory bodies should maintain oversight over their investment strategies and should review their lists of authorized investments regularly and monitor the results closely.
Levitt also urged city councils to review their lists of authorized investments regularly and monitor results closely.
Provisions relating to the method of establishing pools, the creation of an oversight board, and rules and regulations for the administration of the fund - including authorized investments, allocation of losses, and procedures for custody and safekeeping - are included.
Bavaria Delaware, in turn, uses the proceeds to fund the purchase of authorized investments in conformance with its investment guidelines.
The chief financial officer or treasurer should not only have a thourough knowledge of the city's investment policy, but also should possess a working knowledge of statutory provisions relating to authorized investments by type, maturity limitations, and the basic credit and market risks of various types of investments.
The principal business objective is to acquire, hold, and manage commercial mortgage loan assets and other authorized investments that will generate net income for distribution to shareholders.
be held in liquid authorized investments to supplement the
Full browser ?