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bucket shop

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 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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Claudia Schorrig, a member of the CU, alleged in her complaint that Wellstone Securities, the credit union's former brokerage firm that sold her investments, was "nothing more than a bucket shop rife with fraud.
The last bucket shop disappeared from New York days before the law took effect.
They are painted a sickly shade of green, and front an array of bucket shops selling hastily printed Obama T-shirts, cheap jewellery and imitation perfumes.
 
 
 
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