Basket Provision

A stipulation within the regulatory acts governing the investments of insurance companies, savings and loan associations and mutual savings banks, allowing for a small percentage of total assets to be placed in investments not otherwise permitted by the acts.

Term Source: MBA Glossary
Categories: Other
Hash Tags: #MBAGlossary

©2020 The Mortgage Industry Standards Maintenance Organization. All rights reserved.

AUTHORIZED USAGE: All usage of this product is dictated by the terms and conditions within the MISMO 2018 Intellectual Property Rights (IPR) Policy For more information, please see complete Authorized Usage / Patent Disclosure Request or contact info@mismo.org.