The financial encyclopedia uses cookies to improve your user experience. Find out more here!






(1) The official Stock Exchange jargon for deals involving the buying and selling of shares. (2) The obtaining of more than value for money in a transaction, without fraud or misrepresentation on the part of the party making the gain. In some cases both parties to a transaction may claim to have seller unloads unwanted goods on a buyer seller unloads unwanted goods on a buyer who happens to have a specialist interest in the particular items. Perhaps one of the more spectacular bargains on the interlational scene was the purchase of Alaska from the Tsar of Russia by the U.S.A. for the sum of 7.2 million dollars in 1867. Gold discoveries alone in Alaska during the sueceeding twenty-five years were worth more than forty times this sum. These two definitions have nothing in common.

Reference: The Penguin Business Dictionary, 3rd edt.