Stoozing

From Wikipedia, the free encyclopedia

Stoozing, derived from the verb stooz, is a slang term used to describe 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 (or "stoozer") then pays the money back before the 0% period ends. It is important to note that the borrower does not typically have a real debt to service, but instead uses the money loaned to them to earn interest.^{[citation needed]} Stoozing can also be viewed as a form of arbitrage.^{[citation needed]}

Contents 1 Etymology 2 See also 3 Notes 4 External links

[edit] Etymology

The word "stoozing" came into existence from posts on the Motley Fool UK discussion boards in early 2004.^{[citation needed]}

[edit] See also

• App-o-rama

[edit] Notes

[edit] External links

• John Stepek. "How 'stoozing' could bring down the global economy", MoneyWeek, Digital Look Ltd, 2006-02-27. 
• ""You can avoid paying interest altogether"", The Telegraph, Telegraph Media Group Limited, 2004-09-11.