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Legal Opinion
(redirected from Judicial opinion)

    Also found in: Wikipedia 0.03 sec.
Legal opinion
A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable.
legal opinion
The statement of a bond counsel that a municipal bond issue is legal under the laws and restrictions of the issuing jurisdiction, and which indicates whether interest on the bonds is exempt from federal income taxes. A legal opinion is generally necessary to bring an issue to market. See also ex-legal.
Legal Opinion
An opinion by a lawyer or other qualified professional stating that a proposed municipal bond complies with all legal requirements and regulations. It also states whether or not the issue as structured will be exempt from federal taxes. Most municipal bonds are required to have legal opinions before issue.


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? Mentioned in ? References in periodicals archive
 
Ordinarily, judicial opinions do not make for great (or even very good) literature.
Justice Scalia as judicial statesman by Bramwell, Austin W. / Modern Age
Alito's 15-year paper trail of judicial opinions will give opponents ammunition to use against him.
A Supreme battle? Samuel Alito's nomination to the Supreme Court sets ... by Purdum, Todd S. / New York Times Upfront
Catholics were the most vocal (indeed, prescient) critics of Holmes's most notorious judicial opinion, Buck v.
Pragmatic to a fault? by McGreevy, John T. / Commonweal
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