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What does arbitraged mean?

Looking for the meaning or definition of the word arbitraged? Here's what it means.

Verb
  1. simple past tense and past participle of arbitrage
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Examples
He has arbitraged by purchasing in one market and simultaneously selling the same or similar merchandise in another market.
It's a worldwide market, and in a sense it's a market in which interest rates in various different localities and for various different instruments are all arbitraged.
If a lot of people pursue a value strategy, value opportunities will soon be arbitraged away.

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