Search Details

Word: scalper (lookup usage) (lookup stats)


Meaning:

Noun:

  • finance A person on an open outcry exchange trading floor who buys and sells rapidly for his or her own account, aiming to buy from a seller and a little later sell to a buyer, making a small profit from the difference (roughly the amount of the bid/offer spread, or less).
  • US One who scalps tickets to popular entertainment events: buying them in advance and then selling them (e.g. online or just outside the venue of the event), often at inflated prices

Source: Wiktionary | Src Info »