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.
Variant of forestall
- to prevent or hinder by doing something ahead of time
- to act in advance of; get ahead of; anticipate
- to interfere with the trading in (a market) by buying up goods in advance, getting sellers to raise prices, etc.
- to intercept
- to obstruct by force
Origin of forestallMiddle English forestallen ; from forestal, ambush ; from Old English foresteall: see fore and amp; stall