What does stoozing mean?
Definitions for stoozing
stooz·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word stoozing.
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Wiktionary
stoozingnoun
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.
Etymology: Apparently coined in 2004 from Stooz, nickname of a contributor to Motley Fool Internet message boards, and -ing.
Wikipedia
stoozing
Credit card interest is a way in which credit card issuers generate revenue. A card issuer is a bank or credit union that gives a consumer (the cardholder) a card or account number that can be used with various payees to make payments and borrow money from the bank simultaneously. The bank pays the payee and then charges the cardholder interest over the time the money remains borrowed. Banks suffer losses when cardholders do not pay back the borrowed money as agreed. As a result, optimal calculation of interest based on any information they have about the cardholder's credit risk is key to a card issuer's profitability. Before determining what interest rate to offer, banks typically check national, and international (if applicable), credit bureau reports to identify the borrowing history of the card holder applicant with other banks and conduct detailed interviews and documentation of the applicant's finances.
Wikidata
Stoozing
Stoozing is the act of borrowing money at an interest rate of 0%, a rate typically offered by credit card companies as an incentive for new customers. The money is then placed in a high interest bank account to make a profit from the interest earned. The borrower then pays the money back before the 0% period ends. The borrower does not typically have a real debt to service, but instead uses the money loaned to them to earn interest. Stoozing can also be viewed as a form of arbitrage.
Numerology
Chaldean Numerology
The numerical value of stoozing in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of stoozing in Pythagorean Numerology is: 8
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"stoozing." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/stoozing>.
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