Legal List

DEFINITION of 'Legal List'

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

BREAKING DOWN 'Legal List'

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

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RELATED FAQS
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    Who actually bears the investment risk in a pension plan depends on the type of pension plan that is employed. In a broad ... Read Answer >>
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    Find out why insurance companies and pension funds are considered carriers of financial instruments, and what role they play ... Read Answer >>
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