blue sky law

1. 1.

   a state law regulating the sale of securities in an attempt to control the sale of securities in fraudulent enterprises

   Broaderlaw

   law

Questions about blue sky law

What does blue sky law mean?

blue sky law means "a state law regulating the sale of securities in an attempt to control the sale of securities in fraudulent enterprises".

Is blue sky law a common word?

blue sky law is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.