Usually means: Imaginative, unrestricted thinking or planning.
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We found 20 dictionaries that define the word blue-sky:

General (16 matching dictionaries)
  1. blue-sky: Merriam-Webster
  2. blue-sky, blue-sky: Oxford Learner's Dictionaries
  3. blue-sky: American Heritage Dictionary of the English Language
  4. blue-sky, blue-sky: Collins English Dictionary
  5. blue-sky: Vocabulary.com
  6. blue-sky: Wordnik
  7. blue-sky: Cambridge Advanced Learner's Dictionary
  8. blue-sky: Wiktionary
  9. blue-sky: Webster's New World College Dictionary, 4th Ed.
  10. blue-sky: Infoplease Dictionary
  11. blue-sky: Dictionary.com
  12. blue-sky: FreeDictionary.org
  13. blue-sky: Mnemonic Dictionary
  14. blue-sky: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. blue-sky: Merriam-Webster Legal Dictionary
  2. Glossary of Legal Terms (No longer online)

Slang (1 matching dictionary)
  1. blue-sky: Green’s Dictionary of Slang

Tech (1 matching dictionary)
  1. blue-sky: Webster's New World Telecom Dictionary

Definitions from Wiktionary (
)
American English Definition British English Definition
adjective:  (US, finance, dated) Involving or relating to fake stocks and bonds.
verb:  (transitive, business) To engage in blue-sky thinking about.
adjective:  Alternative form of blue-skies [Unrealistic or impractical.]

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