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blue-sky law
noun
- 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
- a state law regulating the trading of securities: intended to protect investors from fraud
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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.
From Project Gutenberg
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