"pinhook" citation from Double-Tongued Dictionary

Catchword: pinhook

Filed under: English, Business, Horses, Sports & Recreation

Part of speech: v.

The part of speech reflects that used in the full entry, and not necessarily the part of speech as it is used in the quotation below.

Quotation: Although many of the weanlings are to be pinhooked, they brought yearling-style prices. Still, with the yearling market on the rise it’s possibly the time to take such risks. (Pinhooking means buying weanlings to be sold on as yearlings. The breeder gains cash-flow and the buyer assumes the cost of yearling sale preparation in expectation of the horse gaining value.)

Article or Document Title:
“Willesee Horses Fetch $3.46M”

Author:
Jennifer Stynes

Article, document, publication, web site:
Australian Financial Review

Date of publication:
May 31, 1993

Page number:
15

This cite belongs to a full entry for pinhook.

Posted 7 Mar 06 | Permalink | Tell a Friend

Comments:

In Southwest Florida "pinhook" refers to someone who gets produce -- fruits or vegetables -- at discount prices at Farmers' Markets or by gleaning fields that have already been harvested & then sets up a roadside stand and sells to the passing public.

Many times an unscrupulous pinhooker will place better looking produce on the top of the basket to cover up the majority which is usually damaged inferior produce or will bait with good produce and switch to inferior produce when bagging it. A pinhooker rarely reports his income to IRS or to welfare agencies when applying for benefits such as food stamps.

Not all pinhookers are dishonest; however, enough are that the term "pinhooking" does have a pejorative meaning.
by Joseph H. Thomas 13 Sep 08, 0333 GMT