Process by which a licensed person may purchase a horse entered in a designated race for a predetermined price. When a horse has been claimed, its new owner assumes title after the starting gate opens although the former owner is entitled to all purse money earned in that race.
Horse entered into this type of race may be purchased (claimed) at a stated price by a licensed owner or trainer. The purpose is to provide competition among like quality and value of horses. Any money won goes to the former owner, and the new owner must take the horse following the race. Entering a horse in a claiming race with too high a price offers little chance of earning a share of the purse.
Certain races are designated as claiming races, where a horse may be purchased, or claimed. The claim is made and money put up before the race is run, and the purchase must go through, no matter where the horse finishes.
Claiming is not the same as bonding, they may be part of the same process and flow one from another. Claiming a child is not an emotional issue it is a decision that does not happen gradually. Claiming a child is an unconditional commitment parents make from the beginning.