scalper

  1. Noun.  (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.
  2. 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).

This is an unmodified, but possibly outdated, definition from Wiktionary and used here under the Creative Commons license. Wiktionary is a great resource. If you like it too, please donate to Wikimedia.

This entry was last updated on RefTopia from its source on 3/20/2012.