[General] a lame duck

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vil

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Dear teachers,

Would you be kind enough to tell me whether I am right with my interpretation of the expression in bold in the following sentence?

Frauds of which a lame duck on the Stock exchange would be ashamed.

a lame duck = bankrupt stockjobber

Thank you for your efforts.

Regards,

V
 
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emsr2d2

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Dear teachers,

Would you be kind enough to tell me whether I am right with my interpretation of the expression in bold in the following sentence?

Frauds of which a lame ducks on the Stock exchange would be ashamed.

a lame duck = bankrupt stockjobber

Thank you for your efforts.

Regards,

V

Generally, "a lame duck" is simply an ineffective person.

Note: I assume the phrase in bold should read "duck", not "ducks".
 

vil

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Hi emsr2d2,

I agree with you but to a certain degree.

lame duck: West's Encyclopedia of American Law (Full Article) from Answers.com

A trader or investor who makes poor trades and ends up with heavy losses over time would be considered a lame duck. Often, if a trader goes bankrupt, it is not the result of one bad trade but a long string of them - such a trader is called a lame duck because he or her is ineffective as a trader. (The term lame duck also refers to a politician who has chosen not to seek re-election, is ineligible to run for office again or has lost an election but is still in office until the election winner takes control of the office. The politician is considered a lame duck as he or she is not accountable to the constituency he or she represents.)

V.
 
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