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ar·bi·trage (är'bĭ-träzh')

  • n. The purchase of securities on one market for immediate resale on another market in order to profit from a price discrepancy.
    intr.v. ar·bi·traged, ar·bi·trag·ing, ar·bi·trag·es
    To be involved in arbitrage.
  • The simultaneous purchase and selling of an asset in order to profit from a differential in the price. This usually takes place on different exchanges or marketplaces. Also known as a "riskless profit".
  • Etymology: French, literally, arbitration, decision-making
    1 : the purchase of a security, commodity, or foreign currency in one market for the purpose of immediately selling it at a higher price in another market

From http://www.dictionary.com

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A Strong Foundation

Our vision, strategy and all that follows is based on a strong and principled foundation. As a reminder to our agents and staff we post here those principles which by law we are bound to follow at all times.
We owe our clients:

  • a duty of loyalty to act in the best interests of our clients and to always put our clients\' interests ahead of our own;
  • a duty of full and fair disclosure and complete candor, including the duty to disclose the source and amounts of all income that we receive in or as a result of any transaction involving our clients;
  • a duty of care;
  • a duty to provide impartial and honest advice;
  • a duty to use our best business judgement in connection with any products and services purchased by our clients - in other words to find the best product or service at the lowest price; and
  • a duty of good faith and fair dealing.

The above principles are adapted from California Law governing insurance brokers.
CA Insurance Code

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