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World English Dictionary
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blue-sky law
blue-sky law
(
plural
blue-sky laws
)
noun
Definition:
law regulating sale of securities:
a state law regulating the sale of securities, designed to protect investors from being sold stocks or bonds with no real value
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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