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arbitrage (AHR-bi-trahzh) - n., the purchase of an asset in one market and (nearly) simultaneous sale of it in another market, in order to profit on unequal prices.
Could be commodities, currencies, bonds, or securities -- anything that is bought and sold in different places at local prices, so that the prices could potentially be different in different places. Derived from arbitrate in the judgement sense, from French, from Latin arbitrārī, to consider/judge/decide.
---L.
Could be commodities, currencies, bonds, or securities -- anything that is bought and sold in different places at local prices, so that the prices could potentially be different in different places. Derived from arbitrate in the judgement sense, from French, from Latin arbitrārī, to consider/judge/decide.
---L.
