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View Full Version : On the Cuff -what does it mean?



ThisTooShallPass
Sep. 27, 2009, 10:37 PM
I am seeing this more & more in ads. The On the Cuff Price is always much higher than the purchase price. Someone please kindly explain the workings of this.

TIA

FairWeather
Sep. 28, 2009, 07:35 AM
It should mean that someone is looking for someone to take a horse "on the cuff" or take it to resell for someone, and keep a part of the profit.

Barbara L.
Sep. 28, 2009, 08:15 AM
On the track, it usually means that the "seller" lets the horse go to the "buyer," who does not have to start paying for the horse until he wins (or earns money). I guess the seller and buyer can work it out any number of ways, but usually it's "pay when the horse wins."
A price may be predetermined, but no money crosses hands until later.

Correct me if I'm wrong...

SleepyFox
Sep. 28, 2009, 10:09 AM
Barbara's exactly right. The deal is generally that you pay when (if) the horse wins. If s/he never wins for the new owner, they don't pay. It's a good way to encourage someone to take a chance on a horse that has some issues or is off form and that you want off of your feed bill. I'm sure there are some variations on the payment schedule.

ThisTooShallPass
Sep. 28, 2009, 03:38 PM
Thank you for the answers. :)