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Legal List

   Also found in: Dictionary/thesaurus 0.01 sec.
Legal list
A list of high-quality debt and equity securities chosen by a state agency that are acceptable holdings for fiduciary institutions.
Approved 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 approved lists vary from state to state, but most approved lists contain low-risk, low-return investments designed to maintain the organizations' sustainability and protect the principal placed in them. An approved list is also called a legal list.
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.
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