Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. In public finance, Arbitrage refers to borrowing at tax-exempt rates and investing at higher taxable rates without incurring any additional risk.Rental Arbitrage is a method similar to house hacking, where you rent out a spare room in your property. Arbitrage is the practice of exploiting price differences in different markets or platforms to profit from buying and selling assets, securities, or goods. Geographic arbitrage means taking advantage of the differences in prices between various locations. You earn money in a stronger economy. "Board" means the Board of Finance of the State of Nevada. Arbitrage is investing tax-exempt debt proceeds in higher yielding taxable securities, resulting in a profit. To go short an asset means that you have sold an asset you do not posses. Currency arbitrage occurs when financial traders use price discrepancies in the money markets to take a profit.