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.

Origin of blue-sky law

1
An Americanism dating back to 1910–15

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British Dictionary definitions for blue-sky law

blue-sky law

noun
  1. US a state law regulating the trading of securities: intended to protect investors from fraud

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