Ex-Legal
Barron's Business Dictionary:
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Ex-Legal
Municipal bond that does not have the legal opinion of a bond law firm printed on it, as most municipal bonds do. When such bonds are traded, buyers must be warned that legal opinion is lacking.
| Ex-Dividend Date, Ex Post Facto, Ex Officio | |
| Exact Interest, Examination of Title, Excel |
Investopedia Financial Dictionary:
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Ex-Legal
Municipal bonds that are delivered without a legal opinion from a bond law firm.
Investopedia Says:
Most bonds have the legal opinion of a bond law firm printed directly on them. An investor should approach ex-legal bonds with a greater level of caution because of their lack of explicit legal endorsement.
Related Links:
Investing in bonds - What are they, and do they belong in your portfolio? Bond Basics Tutorial
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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