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

8 January 2025

SYCAMORE

(noun) Eurasian maple tree with pale grey bark that peels in flakes like that of a sycamore tree; leaves with five ovate lobes yellow in autumn


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Coffee Trivia

In 1884, Angelo Moriondo of Turin, Italy, demonstrated the first working example of an espresso machine.

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