draught on the pump at Aldgate

In real, traceable use. Part of the curated seed collection; community review is coming.

Meaning · English

A bad bill of exchange, drawn on persons who have no effects of the drawer.

Register: slang

Where it’s used: Used American English
Sources & notes

Adapted from English Wiktionary (CC BY-SA 4.0, retrieved 2026-07-30 via kaikki.org).

Common questions

What does “draught on the pump at Aldgate” mean?

A bad bill of exchange, drawn on persons who have no effects of the drawer.

Is “draught on the pump at Aldgate” formal or informal?

draught on the pump at Aldgate is generally slang.