What is ‘Unauthorized Investment’
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.
Explaining ‘Unauthorized Investment’
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.
Further Reading
- Transnational Twist: Pecuniary Remittances and the Socioeconomic Integration of Authorized and Unauthorized Mexican Immigrants in Los Angeles County – onlinelibrary.wiley.com [PDF]
- More social than capital: Social capital accumulation through social network exchange among legal and unauthorized Mexican migrants – www.tandfonline.com [PDF]
- What is a Fair Price to Transfer the Risk of Unauthorized Trading?: A Case Study on Pricing Operational Risk – papers.ssrn.com [PDF]
- Squatters or tenants: the commercialization of unauthorized housing in Nairobi – www.sciencedirect.com [PDF]
- Did the 2007 Legal Arizona Workers Act reduce the state's unauthorized immigrant population? – www.mitpressjournals.org [PDF]
- Legal Effect of Investment Behavior of the Property with Unauthorized Pisposition – en.cnki.com.cn [PDF]
- The economics of mobile payments: Understanding stakeholder issues for an emerging financial technology application – www.sciencedirect.com [PDF]
- Unauthorized Mexican immigration, day labour and other lower-wage informal employment in California – www.tandfonline.com [PDF]
- Legalization programs and the integration of unauthorized immigrants: a comparison of S. 744 and IRCA – journals.sagepub.com [PDF]
