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from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The simultaneous purchase and sale of assets that are potentially but not necessarily equivalent.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. arbitrage involving risk; as in the simultaneous purchase of stock in a target company and sale of stock in its potential acquirer; if the takeover fails the arbitrageur may lose a great deal of money


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