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Simple English definitions for legal terms
agiotage
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A quick definition of agiotage:
Term: AGIOTAGE
Definition: Agiotage is a type of business where people buy and sell foreign money or stocks in the hope of making a profit. It's like a game of chance where people take risks to earn money.
A more thorough explanation:
Definition: Agiotage refers to the business of dealing in foreign exchange or the speculative buying and selling of securities.
Examples:
- Investors engaging in agiotage may buy and sell stocks rapidly in an attempt to make quick profits.
- A foreign exchange trader may engage in agiotage by buying and selling currencies based on short-term market fluctuations.
These examples illustrate how agiotage involves quick and speculative trading in financial markets. The goal is often to make a profit in a short amount of time, rather than holding onto investments for the long-term. This type of trading can be risky and requires a deep understanding of market trends and fluctuations.