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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Tenders are invited for seeking banking institutions to serve as the depository of their funds and the potential investment vehicle for time deposits, treasuries, and agencies or other authorized investments for its consideration as a depository and investor for a three-year period beginning with the date of the acceptance of a signed banking agreement or october 1, 2016, whichever is later.
The remaining funds would be spent in authorized investments counting cash and/or near cash instruments, which include cash in bank accounts, and Government securities not exceeding 90-day maturity.
Authorized investments and the characteristics associated with each security type must continue to align with the organization's goals, investment objectives, risk tolerance, and the individuals responsible for the organization's investment management program.
Bush authorized investments in the auto industry the month before his term ended.
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.
Bavaria Delaware, in turn, uses the proceeds to fund the purchase of authorized investments in conformance with its investment guidelines.
Prequalification are invited for Depository Banks and Broker/Dealers and Banks to Provide Authorized Investments to CTA on an As-Needed Basis.
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.
Authorized investments would include FDIC insured accounts, daily bank repurchase agreements (REPOS) or appropriate safeguarded investment products such as money market accounts, money market funds or mutual funds.
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