ar•bi•trage
Pronunciation: (är'bi-träzh" for 1, 3 är'bi-trij for 2), [key]
— n., v., -traged, -trag•ing.
—n.
- the simultaneous purchase and sale of the same securities, commodities, or foreign exchange in different markets to profit from unequal prices.
- arbitration.
—v.i.
- to engage in arbitrage.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.