Qualified Investments Law and Legal Definition
According to 26 USCS § 501 (Title 26, Internal Revenue Code; Subtitle A, Income Taxes; Chapter 1, Normal Taxes and surtaxes; Subchapter F. Exempt Organizations; Part I, General Rule), “the term "qualified investments" means--
(I) public debt securities of the United States,
(II) obligations of a State or local government which are not in default as to principal or interest, and
(III) time or demand deposits in a bank (as defined in section 581 [26 USCS § 581]) or an insured credit union (within the meaning of section 101(7) of the Federal Credit Union Act, 12 U.S.C. 1752(7)) located in the United States.”
Legal Definition list
- Qualified Intermediary
- Qualified Institutional Buyer [Securities]
- Qualified Institution
- Qualified Industry Organization
- Qualified Indorsement
- Qualified Investments
- Qualified Joint and Survivor Annuity [Internal Revenue]
- Qualified Joint Venture [Internal Revenue]
- Qualified Loan
- Qualified Low-Income Community Investment [Tax]
- Qualified Mediator [Farm Service Agency]
