Hammering a member of the London stock market. A process by which a member of the London Stock Exchange who is unable to meet his liabilities is publicly declared a defaulter. It is so called from the fact that before the announcement is made, a hammer is used to attract the attention of the members present.
Hammering a member of the London stock market. A process by which a member of the London Stock Exchange who is unable to meet his liabilities is publicly declared a defaulter. It is so called from the fact that before the announcement is made, a hammer is used to attract the attention of the members present. From Living London, published
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