bucket shop
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Tweet 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.] |
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