Function: noun
Date: 1875
1 : a saloon in which liquor was formerly sold from or dispensed in open containers (as buckets or pitchers)
2 a : a gambling establishment that formerly used market fluctuations (as in securities or commodities) as a basis for gaming b : a dishonest brokerage firm especially : one that formerly failed to execute customers' margin orders in expectation of making a profit from market fluctuations adverse to the customers' interests