"Today, there are three kinds of people: the have's, the have-not's, and the have-not-paid-for-what-they-have's." - Earl Wilson
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Financial Dictionary

Arbitrage

A technique employed to profit from the differences in price. A good example is purchasing a stock in New York for $15 a share and instantly selling it in Tokyo for $16.00 for a profit of $1.00 a share, less any expenses. Many individuals do this with credit cards. They take out a 0% credit card loan and place the money into a savings account that pays more.


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