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bucket shop |
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bucket shop n. an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Bucket shops are seldom seen today since there are many opportunities to gamble legally on the stock and commodities markets. |
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For instance, Timmins United Supply wanted to show customers and their 80 employees the new expansion of their Bucket Shop, so Brian Blahey, marketing manager of Timmins United Supply, launched two open houses. Major airlines use bucket shops to quietly (and economically) fill their unsold seats to off-price dealers. Both businesses, the Bucket Shop and Steeltec, share staff and are operated by United Supply, which also operates a full-line industrial, commercial, institutional and residential cleaning and supply division called Swish. |
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bucket shop