Regrate is a verb that means to buy grain, vegetables, or other goods and then resell them in smaller quantities at a higher price. The spelling of "regrate" can be broken down into three phonemes: /rɪˈɡreɪt/. The first sound, /r/, is the alveolar trill or tap, followed by the short vowel sound /ɪ/ and the voiced velar fricative /g/. The second syllable contains the long vowel sound /eɪ/ and ends with the voiceless alveolar stop /t/. Overall, the spelling of "regrate" accurately represents its pronunciation.
Regrate is a verb that refers to the act of buying goods, especially perishable goods, such as fruits or vegetables, in order to resell them at a higher price. This term is primarily used in the context of historical trade practices or agricultural markets. When someone engages in the practice of regrating, they often buy the goods directly from the producer or the wholesale market and then proceed to sell them at a markup to retailers or consumers.
The term 'regrate' can also have a negative connotation, especially when it is associated with actions considered unscrupulous or unfair. In some contexts, it may refer to the practice of hoarding or stockpiling goods with the intent of artificially inflating their price or creating a scarcity in the market. Such actions are often seen as exploitative and can contribute to price volatility or market instability.
In legal terms, regrating may be regulated or prohibited in certain jurisdictions. This is typically done to protect consumers from unfair practices or to maintain fair competition in the market. Regulations on regrating may include restrictions on the quantity or frequency of purchases, as well as penalties for engaging in exploitative trading practices.
Overall, 'regrate' describes the act of buying goods with the intent of reselling them at a profit, often with a focus on perishable items. Its usage can vary between referencing historical trade practices, agricultural markets, or as a term highlighting exploitative actions in buying and hoarding goods for profit.
To buy and sell again any wares or victuals in the same market, or within five miles there of; to renovate old hewn stone by removing the outer surface.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "regrate" originated from Middle English and can be traced back to its Old French counterpart, "regrater". The Old French term was derived from "re-" (meaning "again" or "back") and "grater" (meaning "to buy or sell in small quantities"). Thus, "regrater" meant "to buy or sell again or in small quantities". Over time, the word "regrate" became assimilated into the English language with a similar meaning, referring to the act of reselling goods at a higher price in the same market, typically to manipulate prices or create artificial scarcity.