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LSDefine
Simple English definitions for legal terms
regrating
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A quick definition of regrating:
Regrating is when someone buys things at a market, like food, and then sells them again nearby for a higher price. This used to be against the law in England because it made things more expensive for everyone. The person who does this is called a regrater.
A more thorough explanation:
Definition: Regrating is the act of buying goods, especially necessary provisions, from a market with the intention of reselling them in or near the same market at a higher price. It is also the resale of such goods.
In England, regrating was considered a criminal offense.
Example: A farmer buys a large quantity of potatoes from a market and then sells them at a higher price in the same market or nearby. This is an example of regrating.
Explanation: The farmer is buying the potatoes with the intention of reselling them at a higher price, which is the act of regrating. This practice was considered illegal in England because it caused the prices of goods to increase, making it difficult for people to afford necessary provisions.