Ex-legal

Definition:

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

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tenants by Entireties (TEN ENT)

Joint ownership of property or securities by a husband and wife where, upon the death of one, the property goes to the survivor.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio