stoozing

English

Etymology

From stooze +‎ -ing.

Pronunciation

• Audio (General Australian):

  (file)

Verb

stoozing

1. present participle and gerund of stooze

Noun

stoozing (uncountable)

1. (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.