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.]

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词条贡献者

双语律师Akira，国际知名法学院法律专业，擅长翻译各类与地产开发相关的法律文件。