BLUE-SKY


Meaning of BLUE-SKY in English

I. ˈ ̷ ̷| ̷ ̷ adjective

Etymology: so called from the emptiness of the sky

1. : having little or no value : unsound , unsecured

blue-sky stock

2. : ill-defined, grandiose, or excessive in scope or object : unrealistic , visionary

mass movements, especially of the blue-sky variety — Robert Shaplen

II. transitive verb

Etymology: blue-sky (law)

: to qualify a security issue for sale in a state under its blue-sky law

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.