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 Terms:
Bond
Municipal Bond

• Average Return
• Average Revenue Per Unit (ARPU)
• Average Selling Price (ASP)
• Average Selling Price (ASP)
• Average True Range (ATR)
• Average True Range (ATR)
• Average Up
• Away From Home
• Away From The Market
• AWG
• Ax
• Axe
• B
• Baby Bells
• Baby Bills
• Baby Bond
• Baby Boomer
• Baccalaureate Bond
• Backdating
• Back Door Listing
• Back-End Load
• Back-End Ratio
• Back Fee
• Backing Away
• Backlog