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What does regrate mean?

Looking for the meaning or definition of the word regrate? Here's what it means.

Verb
  1. To purchase goods from a market in order to resell them at the same (or nearby) market at an inflated price.
  2. (masonry) To remove the outer surface of, as of an old hewn stone, so as to give it a fresh appearance.
  3. To offend; to shock.
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Examples
The certantie understand, the said Maister George tooke his leave of Kyle, and that with the regrate of many.
To regrate was to buy up in the market and sell again in the same market at an advanced price.
No one was to forestall or regrate, that is, buy at one price and sell at a higher price in the same locale.

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