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Legal list
Legal listA list of approved securities in which institutions such as savings banks, life insurance companies and pension funds may invest. RELATED TERMS-------------------------------------- Securities Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.). Institutions Insurance companies, pension funds, trusts, foundations, mutual funds, funds managers, bank investment departments. Savings According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time. Insurance A contract in which payment of premiums covers the insured against something which may, or may not occur. Pension A regular sum of money paid to a retired worker in return for past services or contributions. Invest To spend money in order to produce income or profits. SIMILAR TERMS-------------------------------------- LEGACY Credit Union LEGACY is a credit union with head office in PORTLAND, OR Legacy Hotels REIT Legacy Hotels REIT is one of Canada's largest companies. Legal & General Group Legal & General Group is a top British corporation in the field of insurance, and its estimated market value is 14,780 million US dollars. Legal and General Legal and General is a major British company. Legal bankruptcy A legal proceeding for liquidating or reorganization a business. Legal capital Value at which a company's shares are recorded in its books. Legal defeasance The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture. Legal entity A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract. Legal investments Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct. Legal monopoly A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area. Legal opinion A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable. Legal person An individual or company recognized in law as having standing to be a party in a legal suit. Legal risk The risk associated with the impact of a defect in the documentation on cash flow or debt service. Legal transfer A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid. PREVIOUS AND NEXT TERMS-------------------------------------- Legal bankruptcy A legal proceeding for liquidating or reorganization a business. Legal capital Value at which a company's shares are recorded in its books. Legal defeasance The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture. Legal entity A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract. Legal investments Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct. Legal list Legal monopoly A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area. Legal opinion A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable. Legal person An individual or company recognized in law as having standing to be a party in a legal suit. Legal risk The risk associated with the impact of a defect in the documentation on cash flow or debt service. Legal transfer A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid. We thank you for using the Financial Dictionary to search for Legal list. If you have a better definition for Legal list than the one presented here, please let us know by making use of the suggest a term option. This definition of Legal list may be disputed by other professionals. Our attempt is to provide easy definitions on Legal list and any other medical topic for the public at large.
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