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Definition of Bucket shop
1. Noun. An unethical or overly aggressive brokerage firm.
2. Noun. (formerly) a cheap saloon selling liquor by the bucket.
Definition of Bucket shop
1. Noun. (context: finance pejorative obsolete) A stockbroking firm which takes small orders from clients and takes them on its own account rather than actually transmitting them to the market. Prevalent in the US 1870s to 1920s; often setup as shop-fronts in the 1920s. ¹
2. Noun. (context: pejorative finance) A stockbroking firm which sells stock to clients when it has an undisclosed relationship with that company or its owners. ¹
3. Noun. (context: travel dated) a travel agency selling discounted airfares, usually in defiance of existing minimum fare arrangements. Now usually refers to any small cheap agency. ¹
4. Noun. (legal) a legal services firm selling heavily discounted legal services and documents made in large volume from boilerplate text and clauses, sometimes as a white labelled loss leader ¹
¹ Source: wiktionary.com