forestalling


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forestalling

the now obsolete crime of buying from merchants on the way to market to sell at a better price at the market. English statutory offences were abolished in 1772, but common law equivalents were occasionally revived. The practice was outlawed in Scotland by Acts of 1535,1540 and 1592. Sometimes also known as engrossing, which technically refers to the buying of dead victuals for hoarding or profiteering. An ancient crime in English law. See REGRATING.
References in periodicals archive ?
Many wholesalers make enough profit by forestalling to finance selling tobacco at cost for the rest of the year.
It is also believed to be an alternative -- and workable -- solution to the problem of forestalling, where tobacco manufacturers, wholesalers and the multiple chains stock up on packs of cigarettes and sell them on at a higher margin after a Budget increase.
Nonetheless, SARS has hit consumer and business confidence hard, depressing tourism and forestalling continued recovery from the downturn of 2001.
The purpose of the CMI is to assist patients to regain mobility and return to a more vigorous lifestyle, while forestalling or minimizing degenerative joint disease.
This year has also seen the introduction of restrictions to prevent forestalling - the pre-payment of duty on stock ahead of a duty increase on which additional profit may be earned following the increase.
Federal investments in California's aging water infrastructure are necessary to provide national economic and environmental benefits and forestalling a water shortage that could prove more damaging than the current energy crisis, the state's leading water association today told a key Congressional sub-committee.
As mentioned in Fitch's press release dated March 14, 2001, sustained political unity behind Argentina's new economy minister, Ricardo Lopez-Murphy, and his economic program was critical to forestalling a sovereign ratings downgrade in the near term.
Fitch, the international rating agency, said today that what is critical to forestalling a sovereign ratings downgrade in the near term in Argentina is sustained political unity behind Argentina's new economy minister, Ricardo Lopez-Murphy, and his economic program.
Fitch argues that such an outcome would perpetuate the lack of effective governance evident since Estrada came to power in 1998 and would raise the threshold of political and social unrest, forestalling economic recovery.
The Government has also announced its intention to introduce restrictions to prevent forestalling - the pre-payment of duty on stock ahead of a duty increase on which additional profit may be earned following the increase - from 2001.