bucket shop definition

  • noun:
    • A fraudulent brokerage procedure by which requests purchase and offer tend to be acknowledged but no executions happen. Instead, the operators be prepared to benefit whenever consumers close out their particular positions at a loss.
    • A business, such as a travel agency, that buys unsold tickets and resells them at a discount.
    • A stockbroking company which takes small purchases from customers and takes all of them alone account in place of actually sending all of them into the market. Predominant in the usa 1870s to 1920s; often setup as shop-fronts inside 1920s.
    • A stockbroking firm which sells stock to customers with regards to has an undisclosed relationship thereupon organization or its owners.
    • a travel company selling discounted airfares, often in defiance of existing minimum fare plans. Today often means any little cheap agency.
    • a legal services firm offering greatly reduced legal solutions and papers made in huge volume from boilerplate text and clauses, often as a white labelled reduction frontrunner
    • An establishment carried out nominally the exchange of a stock-exchange business, or a company of comparable personality, but actually the registration of bets or wagers, usually for lower amounts, rising or autumn for the costs of stocks, grain, oil, etc., there being no transfer or distribution associated with shares or products nominally dealt in.
    • an unethical or extremely intense brokerage firm
    • (previously) an inexpensive saloon attempting to sell liquor because of the container
  • others:
    • An office or someplace in which services are given for wagering little amounts on present rates of shares, petroleum, etc.

Related Sources

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