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.

Origin of blue-sky law

An Americanism dating back to 1910–15

Words nearby blue-sky law

blue-ribbon jury, blue-ringed octopus, blue-rinse, blue-singlet, blue-sky, blue-sky law, blue-sky thinking, blue-tongued lizard, blue-water, blue-winged teal, blueback salmon

British Dictionary definitions for blue-sky law

blue-sky law

noun

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