GNU Collaborative International Dictionary of English

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Found one definition

1.       
   Arbitrage (), n. [F., fr. arbiter to give judgment, L. arbitrari.]
   1. Judgment by an arbiter; authoritative determination. [Archaic]
   
   [1913 Webster]
   
   
   2. (Com.) A traffic in bills of exchange (see Arbitration of Exchange).
   
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   3. (Finance) the simultaneous or near simultaneous purchase and sale of the same or closely linked securities or commodities in different markets to make a profit on the (often small) differences in price.
   
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