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bucket shop

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.
bucket shop
n.
1. A fraudulent brokerage operation in which orders to buy and sell are accepted but no executions take place. Instead, the operators expect to profit when customers close out their positions at a loss.
2. A business, such as a travel agency, that buys unsold tickets and resells them at a discount.
[From bucket shop, a saloon selling small amounts of liquor in buckets, from its resemblance to the forerunner of such brokerage operations, which dealt in small units of stocks and commodities.]
bucket shop
n
1. (Economics, Accounting & Finance / Stock Exchange) an unregistered firm of stockbrokers that engages in speculation with clients' funds
2. (Business / Commerce) Chiefly Brit any small business that cannot be relied upon, esp one selling cheap airline tickets
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.bucket shop - an unethical or overly aggressive brokerage firm
brokerage, brokerage firm, securities firm - a stock broker's business; charges a fee to act as intermediary between buyer and seller
2.bucket shop - (formerly) a cheap saloon selling liquor by the bucket
tap house, tavern - a building with a bar that is licensed to sell alcoholic drinks


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? Mentioned in ? References in periodicals archive
 
For instance, Timmins United Supply wanted to show customers and their 80 employees the new expansion of their Bucket Shop, so Brian Blahey, marketing manager of Timmins United Supply, launched two open houses.
Launch products, expansions via events by Louiseize, Kelly / Northern Ontario Business
Major airlines use bucket shops to quietly (and economically) fill their unsold seats to off-price dealers.
How to be a smart shopper by Vreeland, Leslie / Black Enterprise
Both businesses, the Bucket Shop and Steeltec, share staff and are operated by United Supply, which also operates a full-line industrial, commercial, institutional and residential cleaning and supply division called Swish.
Breaking down barriers: diversification has been a boon to growth for ... by Ross, Ian / Northern Ontario Business
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