Linked investment definition

Linked investment means a certificate of deposit issued pursuant to this section and sections 12.34 through 12.43 to the treasurer of state by an eligible lending institution, at an interest rate not more than three percent below current market rate on the condition that the institution agrees to lend the value of the deposit, according to the investment agreement provided in section 12.35, to an eligible borrower at a rate not to exceed four percent above the rate paid on the certificate of deposit. The treasurer of state shall determine and make available the current market rate which shall be used each month.
Linked investment means a certificate of deposit issued pursuant to this section and sections 12.34 through 12.43 to the treasurer of state by an eligible lending institution, at an interest rate not more than three percent below current market rate on the condition that the institution agrees to lend the value of the deposit, according to the investment agreement provided in section 12.35, to an eligible borrower at a rate not to exceed four percent above the rate paid on the certificate of deposit. The treasurer of state shall determine and make available the current market rate which shall be used each month.86 Acts, ch 1096, §2; 89 Acts, ch 234, §2; 96 Acts, ch 1058, §1; 97 Acts, ch 195, §1, 2, 10; 99Acts, ch 177, §1, 9; 2000 Acts, ch 1058, §4, 5; 2001 Acts, ch 24, §1; 2006 Acts, ch 1165, §2Referred to in §12.31, 12.34, 12.35, 12.36, 466.8
Linked investment means a certificate of deposit

Examples of Linked investment in a sentence

  • The timing of cash flows is based on the expected run-off of the reserves.– Linked investment reserves: derived via undiscounted cash flows but only considering contractual maturities and no other form of decrement.

  • Capital Gains Schemes, Equity Linked investment plan etc., Recently it has been divided into two UTI -1, AMC-1 which covers only unit 1964 scheme and all other schemes are managed by AMC-2.2. Public Sector Banks:The monopoly of UTI in the field of Mutual Fund Industry was broken in 1987 with entry of Public Sector Banks and sponsoring Mutual Fund Trust.

  • Linked investment will be critical for both projects funded by San Antonio’s 2012 bond issuance and for future public investments in the downtown.

  • Unit Linked investmentsIf you have a policy with a With Profits investment, you might also have a Unit Linked investment under the same policy.

  • Linked investment contracts, which are contracts of insurance in legal form but which do not transfer significant insurance risk, are recorded at fair value.

  • Symphonia Life is an individual Unit Linked investment plan coupled with insurance benefits.

  • Overactivity in key regions within the default mode might contribute to explain a ruminative thought pattern (Perkins et al., 2015).

  • SOURCE OF SALES (%)20%31%22%27%■ Direct investors■ Institutional investors■ Intermediaries■ Linked investment service providers Foreign collective investment schemes in securities (FCIS)FCIS are offshore schemes approved for promotion in the Republic of South Africa, subject to certain prescribed conditions.

  • Linked investment contracts, consolidated mutual funds and other client-related balances ("client-related balances")Client-related balances result in assets and liabilities of equal value being recognised in the consolidated statement of financial position, although not directly related to PSG Group/PSL shareholders.


More Definitions of Linked investment

Linked investment means an Equity Linked Investment, a Currency Linked Investment, an Index Linked Investment, an Asset Linked Investment or other linked investments. Any references toLinked Deposit” in any agreement with clients with respect to a Service shall also be construed as a reference to “Linked Investment”;
Linked investment means a certificate of deposit issued pursuant to this section and
Linked investment means a certificate of deposit placed with an eligible lending institution; provided that the eligible lending institution agrees to lend not more than ninety per cent of the value of the certificate of deposit to an eligible borrower at a rate not more than the prime rate or per cent a year, whichever is less; and provided further that the certificate of deposit shall: (1) Earn a rate of interest of not less than the current market rate; (2) Not be subject to a penalty for early withdrawal; and (3) Have a maturity of one year for the initial period with an option for renewal for eight additional one year periods.
Linked investment means a certificate of deposit placed with an eligible lending institution; provided that the eligible lending institution agrees to lend not more than ninety per cent of the value of the certificate of deposit to an eligible borrower at a rate not more than the prime rate or per cent a year, whichever is less; and provided further that the certificate of deposit shall:
Linked investment means a certificate of deposit issued pursuant to this section and sections 12.34 through 12.43 to the treasurer of state by an eligible lending institution, at an
Linked investment means a certificate of deposit placed

Related to Linked investment

  • Approved Investment means any type of security, instrument, participation or interest in property, as set forth on Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I, I-A or I-B) in which Cash Collateral may be invested or reinvested by Bank in accordance with Paragraph 2 of Article IV hereof.

  • Authorized Investment means any type of instrument, security, participation or other property in which Cash Collateral may be invested or reinvested, as described in Section 5(f) hereof and Appendix 4 hereto (and as such Appendix may be amended from time to time by written agreement of the parties).

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • covered investment means, with respect to a Party, an investment in its territory of an investor of the other Party in existence as of the date of entry into force of this Treaty or established, acquired, or expanded thereafter.

  • Qualified Investments means any of the following if and to the extent permitted by law:

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Specified Investments means (a) direct obligations of the United States of America or obligations fully guaranteed by the United States of America; (b) commercial paper rated A-1/P-1 by S&P and Moody's, respectively or, if such ratings are unavailable, rated by any nationally recognized rating organization in the United States equal to the highest rating assigned by such rating organization; (c) investments in negotiable certificates of deposit, time deposits, banker's acceptances, commercial paper or other direct obligations of, or obligations guaranteed by, commercial banks organized under the laws of the United States or of any political subdivision thereof (or any U.S. branch of a foreign bank) with issuer ratings of at least B/C by Thomson Bankwatch, having maturities no later than 90 days following the date of such investment; (d) overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers; or (e) overnight repurchase agreements with respect to the securities described in clause (a) above entered into with an office of a bank or trust company which is located in the United States of America or any bank or trust company which is organized under the laws of the United States or any state thereof and has capital, surplus and undivided profits aggregating at least $500 million. SSB. State Street Bank and Trust Company of Connecticut, National Association, a national banking association or any successor Owner Trustee in its individual capacity.

  • Quoted Investment means any Investment which is quoted or listed or in respect of which permission to deal is effective on any Recognised Stock Exchange.

  • Restricted Investment means an Investment other than a Permitted Investment.

  • Widely Held Fixed Investment Trust as that term is defined in Treasury Regulations section 1.671-5(b)(22) or successor provisions.

  • Quoted Investments has the meaning set forth in Section 5.12(b)(ii)(A).

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Permitted Investments means:

  • Applicant’s Qualified Investment means the Qualified Investment of the Applicant during the Qualifying Time Period and as more fully described in EXHIBIT 3 of this Agreement.

  • Investments as defined in Section 7.8.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • regulated investment companies (as defined in Section 851 of the Code), all as from time to time in effect (collectively, the "Policies"), and with all applicable provisions of law, including without limitation all applicable provisions of the Investment Company Act of 1940 (the "1940 Act") and the rules and regulations thereunder. Subject to the foregoing, the Sub-Adviser is authorized, in its discretion and without prior consultation with the Manager, to buy, sell, lend and otherwise trade in any stocks, bonds and other securities and investment instruments on behalf of the Series, without regard to the length of time the securities have been held and the resulting rate of portfolio turnover or any tax considerations; and the majority or the whole of the Series may be invested in such proportions of stocks, bonds, other securities or investment instruments, or cash, as the Sub-Adviser shall determine.

  • Authorised Investments means investments authorised by the instrument, if any, creating the trust for the investment of money subject to the trust, or by law;

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.

  • Investment is any beneficial ownership interest in any Person (including stock, partnership interest or other securities), and any loan, advance or capital contribution to any Person.

  • Regulated investment company has the meaning set forth in Section 851 of the Code.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Wholly-Owned Investment Sub means an entity (i) that is a wholly-owned subsidiary7 of a Regulated Fund (with such Regulated Fund at all times holding, beneficially and of record, directly or indirectly, 95% or more of the voting and economic interests); (ii) whose sole business purpose is to hold one or more investments on behalf of such Regulated Fund (and, in the case of an SBIC Subsidiary, maintain a license under the SBA Act and issue debentures guaranteed by the SBA); (iii) with respect to which such Regulated Fund’s Board has the sole authority to make all determinations with respect to the entity’s participation under the Conditions to this application; and (iv) (A) that would be an investment company but for Section 3(c)(1), 3(c)(5)(C), or 3(c)(7) of the Act, or (B) that qualifies as a real estate investment trust (“REIT”) within the meaning of Section 856 of the Internal Revenue Code (“Code”) because substantially all of its assets would consist of real properties.

  • Controlled Investment Affiliate means, as to any Person, any other Person, other than any Sponsor, which directly or indirectly is in control of, is controlled by, or is under common control with such Person and is organized by such Person (or any Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Borrower and/or other companies.