Speakur

Word Pronunciation & Dictionary

howey test

Word Rarity Very rare

Frequency: 1.92 in modern English

Syllables
howey test
IPA
18
Scrabble Score
9
Letters
1
Syllables
7
Unique Chars

Meaning

name

A test to determine whether an instrument qualifies as an "investment contract" for the purposes of the Securities Act of 1933: it must be "a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party".

Etymology

Established as a result of the US legal case SEC v. W. J. Howey Co. (1946).

Inflected Forms

the Howey test (canonical)

Questions

What does howey test mean?
A test to determine whether an instrument qualifies as an "investment contract" for the purposes of the Securities Act of 1933: it must be "a contract, transaction or scheme whereby a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party".
Where does howey test come from?
Established as a result of the US legal case SEC v. W. J. Howey Co. (1946).

How to pronounce howey test

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