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.

`Prepare for a profits wipe out'

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.

European alternative to date marking emerges

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.

Gallaher Group Plc Annual General Meeting Extracts From the Chairman's Statement

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.

Federal Investment in California Water System Necessary To Avert Looming Water Supply Crisis

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 Dwngr Argentina's L-T Fgn & Local Currency; Watch Neg

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: Political Unity Key To Argentina's Sovereign Ratings

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.

Philippines Put On Rating Watch Negative

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.

Gallaher Group Plc Annual General Meeting Extracts From the Chairman's Statement

Given Ameritech's current monthly intraLATA market revenue of approximately $55 million, it is easy to ascertain both the motives for and the advantages to be gained in forestalling the implementation of intraLATA dialing parity.

AT&T asks Michigan Supreme Court to vacate Court of Appeals' stay of local toll dialing parity in Michigan

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