Definify.com

Webster 1913 Edition


Forestaller

Fore-stall′er

,
Noun.
One who forestalls; esp., one who forestalls the market.
Locke.

Webster 1828 Edition


Forestaller

FORESTALL'ER

,
Noun.
One who forestalls; a person who purchases provisions before they come to the fair or market, with a view to raise the price.

Definition 2022


forestaller

forestaller

See also: föreställer

English

Noun

forestaller (plural forestallers)

  1. A person who forestalls, especially one who buys goods before they can be sold on the open market in anticipation of rising prices

Usage notes

For at least a period of time in the late-18th century, under English Royal law, forestaller had a more narrow meaning which included the concept of not selling again in the same market within three months. By this de jure restriction, legislation attempted to distinguish between a socially useful function (storing grain for a potential future dearth) and an alleged socially harmful function of buying up grain so as to increase the price to the poor or needy by facilitating a so-called excess profit to the intermediary.