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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

ex-legal  

Definition 1.

Municipal bond which, unlike most municipal bonds, does not have the legal opinion of a bond law firm printed on it.
 

Definition 2.

Municipal bonds that are delivered without a legal opinion from a bond law firm.
 

Definition 3.

A municipal bond offered without a law firm's legal opinion. As the majority of bonds are issued with legal opinions.
 
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