eligible securities Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: eligible securities
eligible securities

  1. debt securities banks may buy from issuers and trade in the dealer market-principally Treasury obligations and general obligation municipal bonds. Trading in "ineligible" securities such as corporate bonds is restricted to a bank's securities subsidiary
  2. securities regarded as acceptable bank investments: Treasury and agency securities, and municipal bonds in the four top rating categories.

Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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