1

tailgate

play
noun tail·gate \ˈtāl-ˌgāt\
Updated on: 26 Jul 2017

Definition of tailgate

  1. 1 :  a board or gate at the rear of a vehicle that can be removed or let down (as for loading)

  2. 2 [from the custom of seating trombonists at the rear of trucks carrying jazz bands in parades] :  a jazz trombone style marked by much use of slides to and from long sustained tones

  3. 3 US :  tailgate party Nowadays, tailgates have evolved into mobile feasts: face-to-face social networks where complete strangers bond over food and drink, and everyone is eager to share. — Greg Ferro

Recent Examples of tailgate from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tailgate'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of tailgate

1854


2

tailgate

verb tail·gate

Definition of tailgate

tailgated

;

tailgating

  1. intransitive verb
  2. 1 :  to drive dangerously close behind another vehicle

  3. 2 US :  to have a tailgate party

  4. transitive verb
  5. :  to drive dangerously close behind

tailgater

noun

Examples of tailgate in a Sentence

  1. He hit the car in front of him because he was tailgating.

  2. They started tailgating at 10 o'clock.

Recent Examples of tailgate from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tailgate'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of tailgate

1949


3

tailgate

adjective tail·gate

Definition of tailgate

US

  1. :  relating to or being a tailgate party

Recent Examples of tailgate from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'tailgate'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of tailgate

1962


Financial Definition of TAILGATE

tailgate

What It Is

Tailgating occurs when a broker buys or sells a security after doing the same for a client.

How It Works

Let's say John Doe is a broker for Jane Smith. Jane calls John and tells him she just saw a press release that Company XYZ is bringing in a new hot-shot CEO. She tells him to buy 5,000 shares of Company XYZ for her account. John executes the trade for Jane and then tailgates by buying another 5,000 shares for himself because he has been watching Company XYZ and agrees with Jane that the CEO change should be a good thing for the stockholders.

In some cases, brokers tailgate when the client's order is so large that its execution will affect the price of the security.

Why It Matters

Tailgating is not the same as frontrunning. In frontrunning, the broker executes the trade for his own account before executing the client's trade. In tailgating, the broker executes the trade for his own account after executing the client's trade. Frontrunning is illegal; tailgating is just in poor taste for many reasons, not the least of which is that the broker's job is to make money for his clients and know more than they do.


TAILGATE Defined for English Language Learners

tailgate

play
noun

Definition of tailgate for English Language Learners

  • : a door at the back of a vehicle (such as a station wagon or pickup truck) that opens downward and that can be lowered or removed to make it easier to load things into the vehicle

tailgate

verb

Definition of tailgate for English Language Learners

  • : to drive too closely behind another vehicle

  • : to have a tailgate party


TAILGATE Defined for Kids

tailgate

play
noun tail·gate \ˈtāl-ˌgāt\

Definition of tailgate for Students

  1. :  a panel at the back end of a vehicle that can be lowered for loading and unloading



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