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Legal List

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Legal list
A list of high-quality debt and equity securities chosen by a state agency that are acceptable holdings for fiduciary institutions.

legal list
The list of securities designated eligible as investments by institutions such as life insurance companies, restricted trust funds, and commercial banks. Such lists are generally limited to relatively high-grade securities of issuers exhibiting little chance of default. Also called approved list.

Legal List
A list of companies and other investments in which certain organizations like state-chartered banks, insurance companies, and pensions are allowed to invest. The components of legal lists vary from state to state, but most legal lists contain low-risk, low-reward investments designed to maintain the organizations' sustainability, and the protect the principals placed in them.


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Sweet & Maxwell (London), a part of Thomson Legal & Regulatory Europe, has acquired New Law Online and the legal list from Croner.
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