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bucket shop
noun
- Stock Exchange. an unsound, unethical, or overly aggressive brokerage house.
- Slang. any shady commercial agency, as one dealing in illegally priced theater tickets.
bucket shop
noun
- an unregistered firm of stockbrokers that engages in speculation with clients' funds
- any small business that cannot be relied upon, esp one selling cheap airline tickets
Word History and Origins
Origin of bucket shop1
Example Sentences
There could be lessons in the story of 19th-century bucket shops, which allowed regular people to gamble on, but not in, the market, before rolling out to dinner in horse-drawn buggies.
She said she had opened Wisteria as an alternative to supermarkets and other florists with what she called “the bucket shop mentality” — premade bouquets sitting in big black buckets.
At the time, the Long Island bucket shops were pumping obscure stocks to whoever would buy them.
This was the sad outcome of Golden starting a Wall Street “bucket shop” in 1926 after being introduced to the brokerage business by his sister, Clara, “Wall Street’s first modern-day female stockbroker.”
Retail forex has grown markedly since the early days of the internet when bucket shops proliferated and enforcement was the only recourse.
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