Securities that do not conform to the statutory requirements-the legal list investments-for mutual savings banks and for trust companies. These are generally sub-investment quality securities.
Nonlegal Investments
| Banking Dictionary: Nonlegal Investments |
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 | Unauthorized Investment (in banking) |
 | Is it illegal for someone to sign your name after you told them not to on a nonlegal document? Read answer... |
| What is investments? Read answer... |
| Can you use investing? Read answer... |
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 | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more |
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