carrier. 1. An individual or organization (such as a shipowner, a railroad, or an airline) that contracts to transport passengers or goods for a fee. Cf. SHIPPER. [Cases: Carriers 3, 235. C.J.S. Aeronautics and Aerospace § 179; Carriers§§ 2, 385.] common carrier. A commercial enterprise that holds itself out to the public as offering to […]
arbitrage (ahr-b[schwa]-trahzh), n. The simultaneous buying and selling of identical securities in different markets, with the hope of profiting from the price difference in those markets. — Also termed space arbitrage. [Cases: Securities Regulation 53.17(4). C.J.S. Securities Regulation § 153.] — arbitrager (ahr-b[schwa]-trazh-[schwa]r), arbitrageur (ahr-b[schwa]-trah-zh[schwa]r), n. covered-interest arbitrage. The simultaneous investment in a currency and