Agiotage

/ˌædʒiːəˈtɑːʒ/ noun

Definition

The practice of trading in currency or stocks to make a profit from price fluctuations, especially speculation.

Etymology

From agio plus the suffix -age (action, process). The -age suffix comes from Old French and Latin -aticum, forming nouns for activities or trades.

Kelly Says

The 2008 financial crisis was partly fueled by reckless agiotage in mortgage-backed securities—traders making profits from currency and asset swaps with no connection to real economic value, a problem economists argue is still happening today.

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