- 1. A law enacted to provide for the regulation and supervision of investment companies in order to protect the public against companies that do not intend to do a fair and honest business and that offer investments that do not promise a fair return; -- so called because the promises made by some investment companies are as boundless or alluring as the blue sky, or, perhaps, because designed to clear away the clouds and fogs from the simple investor's horizon. [Colloq.] Source: webster
- 2. A law enacted to provide for the regulation and supervision ofinvestment companies in order to protect the public against companiesthat do not intend to do a fair and honest business and that offerinvestments that do not promise a fair return; -- so called becausethe promises made by some investment companies are as boundless oralluring as the blue sky, or, perhaps, because designed to clear awaythe clouds and fogs from the simple investor's horizon. [Colloq.] Source: adambom
Home / Dictionary / blue-skylaw
blue-skylaw
Thesaurus links
Related headwords in VividLex — dictionary ↔ thesaurus bridge for exploration and SEO depth.
From the definitions
companiesfairbecauseinvestmentagainstblueboundlessbusinesscalledclearcloudsdesignedenactedfogshonesthorizonintendlaworderperhapspromisepromisesprotectprovide
Open full thesaurus page for blue-skylaw · Language as a Lens