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.
	Investopedia explains '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.

Related Definitions

Pension Plan

A type of retirement plan, usually tax exempt, wherein an employer makes contributions toward a pool of funds set aside for an employee's future benefit. The pool of funds is then ...
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401(k) Plan

A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a ...
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Individual Retirement Account - IRA

An investing tool used by individuals to earn and earmark funds for retirement savings. There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs. ...
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