Advisory Opinion Legal Meaning and Definition

Here is a simplified definition of the legal term Advisory Opinion.

Advisory Opinion (noun)

An advisory opinion is a legal opinion given by a court or a statutory authority to another court, a government, or other entities. This type of opinion does not have a direct legal effect but provides advice or suggests a direction for future legal actions. Advisory opinions are typically requested when there is a question about a legal decision or action that has not been finally adjudicated. The context provided does not directly relate to "Advisory Opinion"; it seems to describe "American Depositary Receipt" instead.