bucket shop
1
9.7
- noun
- /ˈbʌkɪt ʃɑp/
- Archaic
:
casa de bolsa fraudulenta
- The government stepped in to shut down several bucket shops that were exploiting naive traders.
Examples
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The "synthetic" collateralized debt obligation is a revival, 100 years later, of the bucket shop.
Academic text (2010) -
Section 117 of the bill stated: "This Act shall supersede and preempt the application of any state or local law that prohibits or regulates gaming or the operation of bucket shops.
Academic text (2010) -
Bucket shops were once operated in many large American cities.
Academic text (2010) -
Broker who he was already in debt to and travelled to Saint Louis to trade in bucket shops where he was not yet known.
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Reminiscences of a Stock Operator vividly describes the turn-of-the-century bucket shop.
Academic text (2010) -
Many investors lost their savings to a bucket shop that promised unrealistic returns based on risky trades.
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He warned his friends not to get involved with a bucket shop, as it could put their finances at risk.
How Trustworthy
Surface Forms
Morphology
bucket + shop
The phrase 'bucket shop' is specialized financial jargon whose meaning ('a dishonest or unregulated brokerage') cannot be derived from the literal senses of 'bucket' and 'shop' (a container and a retail outlet). An average B1 learner who knows both words would likely interpret it as a shop that sells buckets, so the idiomatic, historical financial sense is unpredictable and opaque without prior exposure.
Etymology
Bucket shop may come from dishonest broker offices that put customers' orders into a bucket instead of sending them to the real market, so the orders seemed to disappear and the firm could cheat. That's why the term now means 'a dishonest brokerage that tricks investors'.