I. ˈär-bə-ˌträzh noun
Etymology: French, from Middle French, arbitration, from Old French, from arbitrer to render judgment, from Latin arbitrari, from arbitr-, arbiter
Date: 1875
1. : the nearly simultaneous purchase and sale of securities or foreign exchange in different markets in order to profit from price discrepancies
2. : the purchase of the stock of a takeover target especially with a view to selling it profitably to the raider
II. intransitive verb
( -traged ; -trag·ing )
Date: 1900
: to engage in arbitrage