Definition, Meaning & Synonyms
bucket-shop
noun
/ˈbʌkɪt ʃɒp/
Definition
A bucket shop is a brokerage firm that deals in high-risk, speculative investments without being licensed and typically operates outside of legal regulatory requirements.
Examples
- Many investors lost their money to a fraudulent bucket shop that promised high returns.
- He learned the hard way about the dangers of bucket shops in the investing world.
Meaning
The term can also refer to a place where betting on stocks or commodities takes place, often involving fraudulent practices.
Synonyms
- Fraudulent brokerage
- Penny stock firm
- Speculative trading house
