BLUESKYLAW

Blue"-sky"law`.

Definition: 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’s Unabridged Dictionary 1913 Edition



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Word of the Day

27 June 2025

SQUARE

(adjective) having four equal sides and four right angles or forming a right angle; “a square peg in a round hole”; “a square corner”


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Coffee Trivia

As of 2019, Starbucks opens a new store every 15 hours in China. The coffee chain has grown by 700% over the past decade.

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