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blue-sky law

noun

  1. a law regulating the sale of securities, real estate, etc., especially such a law designed to prevent the promotion of fraudulent stocks.


blue-sky law

noun

  1. a state law regulating the trading of securities: intended to protect investors from fraud
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of blue-sky law1

An Americanism dating back to 1910–15
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Example Sentences

Although there is great need for a Federal incorporation act there is even greater need for a Federal blue sky law.

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blue-skyblue-sky thinking