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  1  definition  found 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Bluenoser  \Blue"nos`er\);  a  Nova  Scotian  potato,  etc 
  Blue-skylaw  \Blue"-sky"law`\ 
  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.]