Investment dictionary

UNAUTHORIZED INVESTMENT

Unauthorized Investment: translation

Any investment that has not been specifically authorized by a legal trust. Unauthorized investments can technically meet statutory requirements for banks and trusts. However, they may still fail to meet the criteria of the grantor or trustee.

Unauthorized investments stand in contrast to "nonlegal" investments. These are inherently substandard investments that fail to meet basic statutory requirements of banks and trust departments. Unauthorized investments may merely fail to meet a stated investment objective.


  1. unauthorized investment—фин. неразрешенные [несанкционированные\] инвестицииu инвестиции которые не соответствуют требованиям установленным в учредительных документах данного инвестиционного тра...Англо-русский экономический словарь