Question

bucket shop noun In the 1870s, a bucket shop was a lowly saloon that sold beer and other cheap hooch in buckets. How did the term make the jump from watering hole to Wall Street? No one is really sure. Some speculate that it may have been because of the small-time gambling that took place at the original bucket shops, while others claim it derives from the bucket elevator used to transport things between the Chicago Board of Trade and a market for small investors housed directly below it. By the 1880s, bucket shop was being used for pseudo "investment houses" where gamblers bid on the rise and fall of stock prices. These days the term is used for any business that sells cut-price goods, especially airline tickets. 1 : a gambling establishment that formerly used market fluctuations (as in commodities) as a basis for gaming2 : a dishonest brokerage firm

Accepted Answer

October 16, 2014 BUK-ut-SHAHP "Today … the SEC is able to intervene more quickly to shut down frauds, like boiler rooms or bucket shops pushing bogus stocks…." - The Orange County Register, October 15, 2001   "As a result, dozens of operations have sprouted up on the Caymans to supply directors, from one-man bucket shops to powerhouse law firms." - Azam Ahmed, The New York Times, July 2, 2012

Word	bucket shop
Date	October 16, 2014
Type	noun
Syllables	BUK-ut-SHAHP
Etymology	In the 1870s, a bucket shop was a lowly saloon that sold beer and other cheap hooch in buckets. How did the term make the jump from watering hole to Wall Street? No one is really sure. Some speculate that it may have been because of the small-time gambling that took place at the original bucket shops, while others claim it derives from the bucket elevator used to transport things between the Chicago Board of Trade and a market for small investors housed directly below it. By the 1880s, bucket shop was being used for pseudo "investment houses" where gamblers bid on the rise and fall of stock prices. These days the term is used for any business that sells cut-price goods, especially airline tickets.
Examples	"Today … the SEC is able to intervene more quickly to shut down frauds, like boiler rooms or bucket shops pushing bogus stocks…." - The Orange County Register, October 15, 2001 "As a result, dozens of operations have sprouted up on the Caymans to supply directors, from one-man bucket shops to powerhouse law firms." - Azam Ahmed, The New York Times, July 2, 2012
Definition	1 : a gambling establishment that formerly used market fluctuations (as in commodities) as a basis for gaming 2 : a dishonest brokerage firm

Bucket Shop October Term Gambling Market Noun Buk Ut Shahp