risk capital test

risk-capital test. Securities. A test of whether a transaction constitutes the sale of a security (and is thus subject to securities laws) based on whether the seller is soliciting risk capital with which to develop a business venture. Cf. CAPITAL-RISK TEST. [Cases: Securities Regulation 5, 248, 249. C.J.S. Securities Regulation §§ 3, 9, 379–380, 384–387, 389–390, 392–393.]

---

词条贡献者

法律翻译Jenny，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与重组与破产有关的法律文件。