Financial Dictionary

This dictionary contains:
24549
financial terms

Legal opinion




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.

RELATED TERMS
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Statement
A document listing amounts of money owing or owed.

Firm
1) Refers to an order to buy or sell that can be executed without confirmation for some fixed period. 2) A synonym for company.

Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.

Issue
To offer securities for sale to the general public; a quantity of securities offered to the public.



SIMILAR TERMS
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LEGACY Credit Union
LEGACY is a credit union with head office in PORTLAND, OR

Legacy Hotels REIT
Legacy Hotels REIT is one of Canada's largest companies.

Legal & General Group
Legal & General Group is a top British corporation in the field of insurance, and its estimated market value is 14,780 million US dollars.

Legal and General
Legal and General is a major British company.

Legal bankruptcy
A legal proceeding for liquidating or reorganization a business.

Legal capital
Value at which a company's shares are recorded in its books.

Legal defeasance
The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture.

Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.

Legal investments
Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct.

Legal list
A list of approved securities in which institutions such as savings banks, life insurance companies and pension funds may invest.

Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.

Legal person
An individual or company recognized in law as having standing to be a party in a legal suit.

Legal risk
The risk associated with the impact of a defect in the documentation on cash flow or debt service.

Legal transfer
A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid.



PREVIOUS AND NEXT TERMS
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Legal defeasance
The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture.

Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.

Legal investments
Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct.

Legal list
A list of approved securities in which institutions such as savings banks, life insurance companies and pension funds may invest.

Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.

Legal opinion

Legal person
An individual or company recognized in law as having standing to be a party in a legal suit.

Legal risk
The risk associated with the impact of a defect in the documentation on cash flow or debt service.

Legal transfer
A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid.

Legislative risk
The risk that new or changed legislation will have a large positive or negative effect on an investment.

Legitimate
Used in the context of general equities. Real interest in trading as compared to a profile stance.

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This dictionary contains 24549 terms.







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