MLchartDataset catalogue

Horizontal scheme

Term · Law · MLC-T-LAW-002456

A type of investment contract, often associated with securities law, where investors pool their funds and share in the profits or losses of a common enterprise. The success of the investment depends on the efforts of a promoter or third party, rather than the individual efforts of each investor. This structure is a key element in determining if an investment is a security under the Howey test.

Table 1. Record
IdentifierMLC-T-LAW-002456
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002456",
  "term": "Horizontal scheme",
  "field": "Law",
  "definition": "A type of investment contract, often associated with securities law, where investors pool their funds and share in the profits or losses of a common enterprise. The success of the investment depends on the efforts of a promoter or third party, rather than the individual efforts of each investor. This structure is a key element in determining if an investment is a security under the Howey test.",
  "url": "https://mlchart.com/terminology/law/horizontal-scheme/"
}

Record 2,375 of 5,441 in Law terminology (MLC-0107). Request the full dataset.