| The American Heritage® Dictionary of the English Language: Fourth Edition. 2000. |
| |
| bucket shop |
| |
| NOUN: | 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. | | ETYMOLOGY: | 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.
| | |
| |
| The American Heritage® Dictionary of the English Language, Fourth Edition. Copyright © 2000 by Houghton Mifflin Company. Published by the Houghton Mifflin Company. All rights reserved. |
|
|
