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We found one dictionary that defines the word arbitrage pricing model:

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  1. arbitrage pricing_model: Wiktionary

Definitions from Wiktionary (arbitrage pricing model)

noun:  (finance) An asset pricing model using one or more common factors to price returns. With only one factor, representing the market portfolio, it is called a single factor model. With two or more factors, it is called a multifactor model.

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