blue sky scheme |
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Definition
Largely speculative venture which promises huge returns but is also highly risky. The name comes from the comments of a Kansas state (USA) Supreme court judge that such schemes have no more basis than "so many feet of blue sky.”
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blue sky scheme is in the Corporate, Commercial, & General Law, Disaster Planning & Risk Management and Investing subjects.
blue sky scheme appears in the definition of the following term: Blue Sky Laws
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