bucket shop
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- a business involved in selling, chiefly by telephone solicitation, that uses high-pressure sales tactics, fraudulent claims, etc.
- Brit. an unlicensed travel agency which sells discounted airline tickets
See bucket shop in American Heritage Dictionary 4
noun- 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.
- A business, such as a travel agency, that buys unsold tickets and resells them at a discount.
Origin:
Origin: 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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