Speculative Security Law and Legal Definition
Speculative security is a stock, bond, or other security the value of which materially depends on proposed or promised future promotion or development.
Section 2 of the Blue Sky Law defines the term "speculative securities", as including stocks, bonds, notes, contracts or other securities which shall, in their subscription, issuance, sale, transfer, negotiation or distribution, be represented to yield a profit to the purchaser or other transferee of more than eight per cent on the price at which they are offered. [Superior Producing & Ref. Co. v. Handlan, Hearne & Co., 100 W. Va. 547, 548 (W. Va. 1926)].
Legal Definition list
Related Legal Terms
- Abandoned Security Property [Agriculture]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Adverse Claim on Security
- Agricultural Biosecurity
- Alternate COMSEC Custodian [National Security]
- Alternative Security Program
- American Society of Industrial Security [ASIS]
- Anti-Spoof [National Security]