- general power of investment
- A power, introduced by the Trustee Act (2000), that allows trustees to make any kind of investment that they could make if they were absolutely entitled to the assets of the trust fund. Previously, trustees were only permitted to make certain authorized investments This much wider general power of investment may be expressly excluded in the trust instrument. There are still some restrictions on investments in land. In exercising the general power of investment, the trustees are required by the Act to consider criteria relating to the suitability of the proposed investment to the trust and to review the investments from time to time with the same criteria in mind.
Big dictionary of business and management. 2014.
Look at other dictionaries:
general power of investment — A power, introduced by the Trustee Act (2000), that allows trustees to make any kind of investment that they could make if they were absolutely entitled to the assets of the trust fund. Previously, trustees were only permitted to make certain… … Accounting dictionary
Investment management — is the professional management of various securities (shares, bonds etc.) and assets (e.g., real estate), to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds,… … Wikipedia
General Motors — Company Type Public Traded as NYSE: GM TSX: … Wikipedia
General Mediterranean Holding — SA (GMH) is an international holding company established by Iraqi born investor Nadhmi Auchi and based in Luxembourg. Since its founding in 1979, GMH has expanded into many fields including Banking Finance, Hotel Leisure, Aviation, Industrial… … Wikipedia
Power line communication — or power line carrier (PLC), also known as power line digital subscriber line (PDSL), mains communication, power line telecom (PLT), power line networking (PLN), or broadband over power lines (BPL) are systems for carrying data on a conductor… … Wikipedia
General Magic — was a company co founded by Bill Atkinson, Andy Hertzfeld and Marc Porat that developed a new kind of handheld communications device they called a personal intelligent communicator , which was a PDA precursor that stressed communications. The… … Wikipedia
General Administration of Customs — 海关总署 Hǎiguān Zǒngshǔ Agency overview Formed 1949 Superseding agency Chinese Maritime Customs Service Jurisdiction … Wikipedia
General Motors EV1 — Infobox Automobile name = General Motors EV1 aka = manufacturer = General Motors parent company = production = 1996 1999 (1,117 units) 1997 Model Year: 660 units 1999 Model Year: 457 units assembly = GM Lansing Craft Centre, Lansing, Michigan… … Wikipedia
General Motors streetcar conspiracy — Pacific Electric Railway streetcars stacked at a junkyard on Terminal Island, March 1956 The General Motors streetcar conspiracy (also known as the National City Lines conspiracy) refers to allegations and convictions in relation to a program by… … Wikipedia
General Electric Company plc — Infobox Defunct Company company name = The General Electric Company plc company company type = Electronics and engineering fate = Renamed Marconi plc foundation = 1886 defunct = 1999 location = Coventry, United Kingdom successor = Marconi plc… … Wikipedia