Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. We are pleased to provide you with the Annual Comprehensive Financial Report (ACFR) of the Pima County.The complete Rules for the Fast Trial and Alternative Resolution Program ("FASTAR") can be accessed here: FASTAR Rules of Procedure. An arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state. The authorities' nearterm priorities are to bolster economic growth, enhance fiscal and external buffers, and maintain macroeconomic stability. The definition of arbitrage bond in the IRC 148(a) yield restriction rule refers to. "proceeds.