this post was submitted on 14 Aug 2024
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[–] zarkanian@sh.itjust.works 28 points 3 months ago (3 children)

Arbitration. "Arbitrage" is when you buy something (such as a currency) and then immediately exchange it for a profit due to a discrepancy in rates.

[–] grillgamesh0028@lemmy.world 10 points 3 months ago

well, I'm one of today's lucky 10 thousand! neat word, didn't know that! :)

[–] some_guy@lemmy.sdf.org 6 points 3 months ago

Thanks for the correction. I'll leave my mistake to preserve continuity.

[–] Zagorath@aussie.zone 2 points 3 months ago

fwiw Wiktionary lists a second definition:

(archaic) Arbitration.

Dunno just how archaic that is, and perhaps if it's more archaic in some dialects than others.