The Collaborative International Dictionary of English v.0.48:

Regrate \Re*grate"\, v. t. [F. regratter to regrate provisions;
   of uncertain origin.] (Eng.Law)
   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.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Regrate \Re*grate"\ (r?*gr?t"), v. t. [imp. & p. p. Regrated;
   p. pr. & vb. n. Regrating.] [F. regratter, literally, to
   scrape again. See Re-, and Grate, v. t.]
   1. (Masonry) To remove the outer surface of, as of an old
      hewn stone, so as to give it a fresh appearance.
      [1913 Webster]

   2. To offend; to shock. [Obs.] --Derham.
      [1913 Webster]