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legal opinion business definition
- Explanation by a judge or group of judges of a decision rendered by the court.
- An official statement by an attorney with regard to what is legal.
- 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.
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