stoozing
English
Etymology
stooze + -ing
Pronunciation
Audio (AU) (file)
Verb
stoozing
- present participle of stooze
Noun
stoozing (uncountable)
- (slang) A form of arbitrage in which money is borrowed at an interest rate of 0% and invested elsewhere to make a profit until the borrowing period ends.
- 2008, Martin Lewis, The Three Most Important Lessons You've Never Been Taught, →ISBN, page 76:
- For the very sophisticated, there's a game called stoozing where you can get your own back on the banks and play the interest game.
- 2009 March 20, Mark Price, “Student gets money for nothing from banks”, in Otago Daily Times:
- "Stoozing isn't exactly a way to get rich," the student said. "That's why I just took one afternoon to go around and do it - because the profit isn't that much."
- 2010, Guy Brandon, Free to Live: Expressing the love of Christ in an age of debt, →ISBN:
- They would be charged interest by others, or their interest-free loan could be used to gain a profit at interest (an Old Testament version of the modern-day practice of stoozing, in which money borrowed ona credit card at zero per cent introductory rate is invested for profit).
- 2015 November 17, Amelia Murray, “Return of 'stoozing': how you can profit again from 0pc credit cards”, in The Telegraph:
- Ultimately, the best cards for stoozing carry no fee on purchases for as long as possible.
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