Regrate /(r?*gr?t")/

imp. & p. p. Regrated; p. pr. & vb. n. Regrating

1. To remove the outer surface of, as of an old hewn stone, so as to give it a fresh appearance. (Masonry)
2. To offend; to shock. [Obs.]

1. To buy in large quantities, as corn, provisions, etc., at a market or fair, with the intention of selling the same again, in or near the same place, at a higher price, -- a practice which was formerly treated as a public offense. (Eng.Law)