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Arbitrage

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Definitions of Arbitrage
Pronunciation : Ar"bi*trage
Part of Speech : n.
Etymology : [F., fr. arbiter to give judgment, L. arbitrari.]
Definition : 1. Judgment by an arbiter; authoritative determination. [Archaic]

2. (Com)

Defn: A traffic in bills of exchange (see Arbitration of Exchange); also, a traffic in stocks which bear differing values at the same time in different markets.

Source : Webster's Unabridged Dictionary, 1913

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