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Simple English definitions for legal terms
scalper
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A quick definition of scalper:
A scalper is someone who buys something, like a ticket, for a low price and then tries to sell it for a higher price. They might also be someone who buys a stock before telling other people to buy it, or someone who charges too much for buying or selling something in a market.
A more thorough explanation:
Definition: A scalper is someone who buys something, such as a ticket, at its original price or lower and then tries to sell it for a higher price.
For example, if a popular band is performing and tickets sell out quickly, scalpers may buy tickets at face value and then resell them for a much higher price to people who were unable to get tickets. This is often illegal and can be considered a form of fraud.
Scalping can also refer to an investment adviser who buys a security before recommending it to clients, or a market-maker who puts an excessive markup or markdown on a transaction.
Overall, scalping is a practice that takes advantage of supply and demand to make a profit, often at the expense of others.