blue-sky law Hear it!

blue-sky law definition

☆ blue-sky law

Informal a law regulating the sale of stocks, bonds, etc., for the protection of the public from fraud

Etymology: said to be so named from the comment made by a proponent of the first such law that certain business groups were trying to “capitalize the blue skies”

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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