The spelling of the word "regratery" may seem confusing, but it follows the phonetic rules of the English language. The word is pronounced /rɪˈɡreɪtəri/, with the emphasis on the second syllable. The -ery suffix indicates a place or establishment, such as a bakery or winery. Therefore, a regratery is a place where goods are sold illegally after they have been purchased at a lower price. Despite its unconventional spelling, "regratery" is a valid English word with a specific meaning.