arbitrage
refereeing; the activity or decisions of a referee in a sport
L'arbitrage du match d'hier a été catastrophique : l'arbitre a ignoré plusieurs fautes évidentes.
The refereeing in yesterday's match was catastrophic: the referee ignored several obvious fouls.
a decision or trade-off made to settle competing priorities or interests (e.g., political or administrative choices)
Le gouvernement doit faire un arbitrage entre relance économique et respect des engagements climatiques.
The government has to make a trade-off between economic stimulus and keeping its climate commitments.
financial arbitrage: buying and selling assets on different markets or in different forms to profit from price differences
Les hedge funds pratiquent l'arbitrage pour profiter des écarts de prix entre marchés.
Hedge funds engage in arbitrage to profit from price differences between markets.
