legal list

Legal List

A selection of eligible companies and investments, determined by local state governments, for institutions such as insurance companies and pension plans.

Notes:

These are generally low risk, low volatile investments that insure the well-being of investors in institutions where safety of principal is of concern.

See also: Pension Plan

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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.

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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.