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