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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.]
1. (Stock Exchange) an unregistered firm of stockbrokers that engages in speculation with clients' funds
2. (Commerce) chiefly Brit any small business that cannot be relied upon, esp one selling cheap airline tickets
Informal. an overly aggressive brokerage house, esp. one that sells low-priced, highly speculative stocks by telephone.
[1870–75, Amer.; orig. a cheap drinking establishment]
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|Noun||1.||bucket shop - an unethical or overly aggressive brokerage firm|
|2.||bucket shop - (formerly) a cheap saloon selling liquor by the bucket|