Shunt″ing, p. pr. & vb. n. of Shunt. Specif.: vb. n. (a) (Railroads) Switching; as, shunting engine, yard, etc. (b) (Finance) Arbitrage conducted between certain local markets without the necessity of the exchange involved in foreign arbitrage.
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Webster's Dictionary 1913
Webster's Revised Unabridged Dictionary, C. & G. Merriam Co., 1913.