I am looking to buy a horse but before I 'jump in at the deep end' I'd like to loan one, there are a few at a yard and the owner says I can loan them and have first refusal. What does that mean and is it worth it?
It means that if the horse is put up for sale, the horse will be offered to you first before being advertised, so basically it means that if you want the horse and you have the money you can buy it if it is put up for sale.