"Howey test" meaning in English

{
  "etymology_text": "Established as a result of the US legal case SEC v. W. J. Howey Co. (1946).",
  "forms": [
    {
      "form": "the Howey test",
      "tags": [
        "canonical"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "def": "1"
      },
      "expansion": "the Howey test",
      "name": "en-proper noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "name",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
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          "kind": "other",
          "name": "English entries with language name categories using raw markup",
          "parents": [
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          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Law",
          "orig": "en:Law",
          "parents": [
            "Justice",
            "Society",
            "All topics",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "glosses": [
        "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\"."
      ],
      "id": "en-Howey_test-en-name-uVnN9ix7",
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "instrument",
          "instrument"
        ],
        [
          "investment",
          "investment"
        ],
        [
          "contract",
          "contract"
        ]
      ],
      "raw_glosses": [
        "(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\"."
      ],
      "topics": [
        "law"
      ],
      "wikipedia": [
        "SEC v. W. J. Howey Co."
      ]
    }
  ],
  "word": "Howey test"
}

{
  "etymology_text": "Established as a result of the US legal case SEC v. W. J. Howey Co. (1946).",
  "forms": [
    {
      "form": "the Howey test",
      "tags": [
        "canonical"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {
        "def": "1"
      },
      "expansion": "the Howey test",
      "name": "en-proper noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "name",
  "senses": [
    {
      "categories": [
        "English entries with incorrect language header",
        "English entries with language name categories using raw markup",
        "English eponyms",
        "English lemmas",
        "English multiword terms",
        "English proper nouns",
        "English terms with non-redundant non-automated sortkeys",
        "English uncountable nouns",
        "en:Law"
      ],
      "glosses": [
        "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\"."
      ],
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "instrument",
          "instrument"
        ],
        [
          "investment",
          "investment"
        ],
        [
          "contract",
          "contract"
        ]
      ],
      "raw_glosses": [
        "(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\"."
      ],
      "topics": [
        "law"
      ],
      "wikipedia": [
        "SEC v. W. J. Howey Co."
      ]
    }
  ],
  "word": "Howey test"
}