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LSDefine

Simple English definitions for legal terms

arbitration of exchange

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A quick definition of arbitration of exchange:

Arbitration of exchange is when someone buys and sells bills of exchange in different countries at the same time to make a profit from the difference in currency prices. It's like finding a good deal on something in one store and then selling it for more in another store. This is also called arbitrage.

A more thorough explanation:

Arbitration of exchange is when someone buys and sells bills of exchange in different international markets at the same time. They do this in the hope of making a profit from the difference in currency prices in those markets. This is also known as arbitrage.

Let's say that the exchange rate between the US dollar and the British pound is $1.30 to £1 in New York, but in London, it's $1.35 to £1. An arbitrager could buy £1,000 in New York for $1,300 and then sell it in London for $1,350, making a profit of $50.

Another example would be if the exchange rate between the euro and the Japanese yen is €1 to ¥120 in Frankfurt, but in Tokyo, it's €1 to ¥125. An arbitrager could buy €1,000 in Frankfurt for ¥120,000 and then sell it in Tokyo for ¥125,000, making a profit of ¥5,000.

These examples illustrate how an arbitrager can take advantage of the difference in currency prices between different markets to make a profit.

arbitration clause | arbitrement

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starfishies
10:28
they dont work from what I hear and most ppl don't recommend sharing that info with any website anyways
starfishies
10:28
but ive not heard of any disasters after people input their login anyways so you should be okay
10:29
fair enough thanks!
ClassyPleasantHeron
10:29
I'd only check a status checker to make sure my application is complete. Anything else is just asking for an anxiety attack. Schools will contact us when they have a decision ready.
snow
10:30
thats a good mindset to have
10:30
yeah I just submitted about 10 applications and submitting several more the next few days so I thought it would be easier to track them to make sure they all went complete
babycat
10:34
what I do is make a Google doc and put the links to all the status checkers in it
ClassyPleasantHeron
10:35
If you still have LawHub, I believe that checker still works.
babycat
10:35
lawhub doesn’t have every school on it though
snow
10:35
@babycat: have you submitted all your apps yet?
babycat
10:36
i got maybe three more to do. 10 done so far
snow
10:36
you sending cooley?
babycat
10:38
I’m applying Cooley binding ED
babycat
10:38
😋
snow
10:39
in all honesty, youd probs get rejected from cooley
triplethread
10:39
omg whoever recommended law hub thank you
snow
10:40
yall ever have someone try to tell you a "feel good" story but it makes you feel worse
triplethread
10:40
it doesnt have all of my schools but it does half over half which kills a lot of time for me
triplethread
10:40
have over half
triplethread
10:43
@llama: that looks complicated no thanks
10:46
@triplethread: no worries
starfishies
10:54
thats a beautiful spreadsheet what
starfishies
10:54
i wish i saw that before i made my notion board
10:55
Just lay there and llama will do all the work
triplethread
11:05
i want mac and cheese really bad
1a2b3c4d26z
11:06
What dish is everyone most excited for on thanksgiving
11:06
stuff your face, queen
snow
11:08
pecan pie
babycat
11:09
your mom
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