BLUE-PENCIL TEST

blue-pencil test.A judicial standard for deciding whether to invalidate the whole contract or only the offending words. • Under this standard, only the offending words are invalidated if it would be possible to delete them simply by running a blue pencil through them, as opposed to changing, adding, or rearranging words. [Cases: Contracts  137. C.J.S.…

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BLUE LIST

Blue List.Securities. A daily listing (on blue paper) of secondary-market offerings of municipal bonds. “Municipal bonds available for resale in the secondary market are listed by state in The Blue List, along with such information as the number of bonds offered, issuer, maturity date, coupon rate, price, and dealer making the offering. Ratings are not…

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BLUE LAW

blue law.A statute regulating or prohibiting commercial activity on Sundays. • Although blue laws were formerly common, they have declined since the 1980s, when many courts held them invalid because of their origin in religion (i.e., Sunday being the Christian Sabbath). Blue laws usu. pass constitutional challenge if they are enacted to support a nonreligious…

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BLUE CHIP

blue chip,n. A corporate stock that is considered a safe investment because the corporation has a history of stability, consistent growth, and reliable earnings. — Also termed blue-chip stock.— blue-chip,adj.[Blacks Law 8th]

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BLUEBOOK

Bluebook. The citation guide — formerly titled A Uniform System of Citation — that is generally considered the authoritative reference for American legal citations. • The book’s complete title is The Bluebook: A Uniform System of Citation. Although it has been commonly called the Bluebook for decades, the editors officially included Bluebook in the title…

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BLUE BOOK

  Blue Book. 1. A compilation of session laws. See SESSION LAWS(2).2. A volume formerly published to give parallel citation tables for a volume in the National Reporter System. 3.English law. A government publication, such as a Royal Commission report, issued in a blue paper cover.[Blacks Law 8th]

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BLS

BLS.abbr.BUREAU OF LABOR STATISTICS. [Blacks Law 8th]

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