qualified investments
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 501 — under this chapter (13 versions over time)
The term “qualified investments” means—
(I) public debt securities of the United States,
(II) obligations of a State or local government which are not in default as to principal or interest, and
(III) time or demand deposits in a bank (as defined in section 581) or an insured credit union (within the meaning of section 101(7) of the Federal Credit Union Act, 12 U.S.C. 1752(7)) located in the United States.