arbitrage

• POS: Noun
• HYPHEN: ar=bi=trage

CIDE DICTIONARY

arbitrage, n. [F., fr. arbiter to give judgment, L. arbitrari.].

•  Judgment by an arbiter; authoritative determination.  [1913 Webster]
•  A traffic in bills of exchange (see Arbitration of Exchange).  [1913 Webster]
•  the simultaneous or near simultaneous purchase and sale of the same or closely linked securities or commodities in different markets to make a profit on the (often small) differences in price.  [PJC]

OXFORD DICTIONARY

arbitrage, n. the buying and selling of stocks or bills of exchange to take advantage of varying prices in different markets.

Etymology

F f. arbitrer (as ARBITRATE)