Investment Term For The Day - Lame Duck
Jul 19, 2021 ·
3m 5s
Lame-duck is an out-of-use British term used with reference to a trader who had defaulted on their obligations or gone bankrupt due to an inability to cover trading losses. Lame-duck...
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Lame-duck is an out-of-use British term used with reference to a trader who had defaulted on their obligations or gone bankrupt due to an inability to cover trading losses.
Lame-duck was a British term used to describe members of the London Stock Exchange who were unable to meet their claims on settlement day.
The phrase lame duck can be traced to the London Stock Exchange. A member who was unable to meet their claims on settlement day was described as a "lame duck" and would lose their membership on the exchange.
The image of a financially injured trader waddling away from the exchange helps to illustrate how this colourful phrase came into usage. The terms bull and bear date from the same period.
The term lame ducks often appeared in newspaper accounts from the time, particularly when the market suffered losses. For example, this account was recorded on July 19, 1787.
show less
Lame-duck was a British term used to describe members of the London Stock Exchange who were unable to meet their claims on settlement day.
The phrase lame duck can be traced to the London Stock Exchange. A member who was unable to meet their claims on settlement day was described as a "lame duck" and would lose their membership on the exchange.
The image of a financially injured trader waddling away from the exchange helps to illustrate how this colourful phrase came into usage. The terms bull and bear date from the same period.
The term lame ducks often appeared in newspaper accounts from the time, particularly when the market suffered losses. For example, this account was recorded on July 19, 1787.
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