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  1. #1

    Question On the Cuff -what does it mean?

    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



  2. #2
    Join Date
    Oct. 14, 2000
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    Now In the Sandhills, NC mostly
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    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.



  3. #3
    Join Date
    Dec. 29, 2003
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    Long Branch, NJ 07740
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    794

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    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...
    Turning For Home, Inc.
    Philadelphia Park Racehorse Retirement Program
    www.patha.org
    turningforhome@patha.org



  4. #4
    Join Date
    Jul. 19, 2007
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    846

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    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.



  5. #5
    Join Date
    Mar. 9, 2006
    Posts
    2,084

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    Thank you for the answers.



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