In 1511, leaders in Mecca believed coffee stimulated radical thinking and outlawed the drink. In 1524, the leaders overturned that order, and people could drink coffee again.
ARBITRAGE
arbitrage
(noun) a kind of hedged investment meant to capture slight differences in price; when there is a difference in the price of something on two different markets the arbitrageur simultaneously buys at the lower price and sells at the higher price
arbitrage
(verb) practice arbitrage, as in the stock market
Source: WordNet® 3.1
Etymology
Noun
arbitrage (countable and uncountable, plural arbitrages)
(finance) A market activity in which a security, commodity, currency or other tradable item is bought in one market and sold simultaneously in another, in order to profit from price differences between the markets.
(archaic) Arbitration.
Verb
arbitrage (third-person singular simple present arbitrages, present participle arbitraging, simple past and past participle arbitraged)
(intransitive, finance) To employ arbitrage
(transitive, finance) To engage in arbitrage in, between, or among
Source: Wiktionary
Ar"bi*trage, n. Etym: [F., fr. arbiter to give judgment, L. arbitrari.]
1. Judgment by an arbiter; authoritative determination. [Archaic]
2. (Com)
Definition: 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 Edition
Recent Word Finds
Word of the Day
28 May 2025
AIR
(noun) a distinctive but intangible quality surrounding a person or thing; “an air of mystery”; “the house had a neglected air”; “an atmosphere of defeat pervaded the candidate’s headquarters”; “the place had an aura of romance”
Coffee Trivia
