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pinhook

pinhook
 v.— «Pinhooking livestock refers to the illegal practice of buying animals at or near markets before they can be offered for sale in the competitive bidding of the auction ring. The pinhooker persuades the farmer to sell for less than he would get in the ring.» —Salisbury Times (Md.) July 12, 1962. (source: Double-Tongued Dictionary)

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