Meaning of ARBITRAGE in English
Simultaneous purchase in one market and sale in another of a security in order to make a profit on relative price differences. The difference between the interest on governmental obligations exempt from federal income tax under the Internal Revenue Code and the yield on securities and obligations that are not exempt from federal income tax in which the proceeds of the governmental obligations are invested.
Finance-Leasing English vocabulary. Английский словарь финансов и лизинга. 2012