Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A form of arbitrage in which money is borrowed at an interest rate of 0% and invested elsewhere to make a profit until the borrowing period ends.

Etymologies

Apparently coined in 2004 from Stooz, nickname of a contributor to Motley Fool Internet message boards, and -ing. (Wiktionary)

Examples

  • We made use of cash ISAs, moved money around to get better interest rates and I also got seriously into stoozing, becoming a bit of credit card expert in the process.

    Fool.co.uk - Headlines

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Comments

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  • Jeez, that's smart. Wonder if it's possible to do this today?

    September 29, 2007

  • "The essence is simple: if credit card companies will lend money at 0 per cent, you can borrow it and then save it at a high interest rate so you're earning money on cash they have lent you for free. My fondest stoozing memory is being lent thousands of pounds on Egg's credit card only to shove it into Egg's savings account, so it paid me hundreds of pounds in interest on its own money."
    The Sunday Times, May 13, 2007

    September 29, 2007