Bond counsel

BOND COUNSEL - An attorney or law firm, typically retained by the issuer, to give a legal opinion that the issuer is authorized to issue proposed municipal securities, ...

bond counsel
A lawyer or law firm that delivers a legal opinion which deals with the issuer's authorization to issue bonds and the tax-exempt nature of the bond. Bond counsel is retained by the issuer.
bond equivalent yield ...

Bond counsel
An attorney who prepares the legal opinion concerning a municipal bond issue.
Bond covenant
A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.

Bond Counsel: Bond counsel is a law firm or attorney who reviews a new bond issue and issues a legal opinion regarding the bond issue.

be distinguished from the bond purchase agreement, the contract of purchase or the underwriting agreement, which is between the account and the issuer.) This agreement is generally prepared by underwriters' counsel, but is reviewable by bond counsel ...

Of or relating to a municipal bond that is traded without the benefit of the legal opinion of a bond counsel. The trading of ex-legal municipal bonds is permitted as long as the buyers are informed about the lack of legal opinion.

Legal opinion: A written opinion by a bond counsel stating whether or not a bond issue conforms with all the laws of the issuer, and the state and federal governments. It also addresses the tax status of the bonds.

See also: Bond, Issuer, Securities, Issue, Bonds