A lame duck; an Exchange-alley phrase for a stock-jobber, who either cannot or will not pay his losses, or, differences, in which case he is said to WADDLE OUT OF THE ALLEY, as he cannot appear there again till his debts are settled and paid; should he attempt it, he would be hustled out by the fraternity.
DUCK
Meaning of DUCK in English
Slang English vocab. Английский сленговый словарь. 2012