Topical Terminology > Qualified Legal Opinion
Qualified Legal Opinion
For Qualified Legal Opinion we have terms and definitions in 2 topics. The topics are Frauds and Scams and Investing.
Qualified Legal Opinion (Frauds and Scams) 
A contingent confirmation regarding the legality of a new municipal bond issue. If there is a lawsuit to block a new municipal bond issue, the bond counsel will examine the situation. If the counsel concludes that there may be a premise for the suit, a qualified opinion is issued that expresses their doubt as to the result of the lawsuit. A non-qualified opinion has no uncertainty concerning the new issue.
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Qualified Legal Opinion (Investing)
A contingent confirmation regarding the legality of a new municipal bond issue. If there is a lawsuit to block a new municipal bond issue, the bond counsel will examine the situation. If the counsel concludes that there may be a premise for the suit, a qualified opinion is issued that expresses their doubt as to the result of the lawsuit. A non-qualified opinion has no uncertainty concerning the new issue.
See Also: Bond Counsel; Debt Instrument; Legal Opinion; Municipal Bond
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