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Definition of Legal investments
investments that a regulated entity is permitted to make under the rules and regulations
Money used to purchase fixed assets for a business, such as land, buildings, or machinery. Also, money invested in a business on the understanding that it will be used to purchase permanent assets rather than to cover day-to-day operating expenses.
A federal Act shielding employers from liability if they have made
As a discipline, the study of financial securities, such as stocks and bonds, from the investor's
A legal proceeding for liquidating or reorganizing a business.
Value at which a company's shares are recorded in its books.
The deposit of cash and permitted securities, as specified in the bond indenture, into an
See reserve requirement.
The present value of the total sum of NPVs expected to result from
Qualified investments is the term used for investments that can be held in an RSP. These investments generally include:
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