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Howey test. In DICTIOUS you will not only get to know all the dictionary meanings for the word
Howey test, but we will also tell you about its etymology, its characteristics and you will know how to say
Howey test in singular and plural. Everything you need to know about the word
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English
Etymology
Established as a result of the US legal case SEC v. W. J. Howey Co. (1946).
Proper noun
the Howey test
- (law) 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".