blue-skied

blue-skied
blue-sky «BLOO SKY», adjective, verb. blue-skied or blue-skyed, blue-skying. Informal.
–adj.
1. a) worthless; unsound: »

a blue-sky stock.

b) preventing the sale of worthless stocks and bonds: »

blue-sky legislation, blue-sky regulations.

2. Figurative. not practical or concrete; theoretical; visionary: »

blue-sky research projects.

–v.t.
to promote by the use of inflated or unrealistic claims: »

Wynn blue-skied the Victorian candy box he wanted to build..., [by] going straight for customers who still order their steaks bloody (Gerri Hirshey).

[probably in allusion to the unclouded faith of the credulous buyer]

Useful english dictionary. 2012.

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