A person finishing a term of office, employment, or other engagement, and soon to be supplanted by another. This term had quite another meaning in eighteenth-century Britain. Then it denoted a stock-exchange jobber (broker) who could not pay his debts and therefore was struck from the members’ list, forced to “waddle away” from the Exchange. In the nineteenth century, however, the term began to be used for any ineffectual person, on both sides of the Atlantic. Some decades thereafter it began to be used in its present meaning in the United States, that is, for government officials who have failed to be reelected but must serve out their term of office, even though their endeavors are hampered because they are about to be replaced.