approved list(redirected from Legal Lists)
A list of equities and other investments that a financial institution or mutual fund is allowed to invest in. See: Legal list.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See legal list.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.