BLUE-SKYLAW
\blˈuːskˈa͡ɪlɔː], \blˈuːskˈaɪlɔː], \b_l_ˈuː_s_k_ˈaɪ_l_ɔː]\
Definitions of BLUE-SKYLAW
Sort: Oldest first
-
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.
By Oddity Software
-
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.
By Noah Webster.
Word of the day
Iliamna Remota
- a rare mallow found only in Illinois resembling the common hollyhock and having pale rose-mauve flowers; sometimes placed genus Sphaeralcea