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