When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state ; in simple terms, it is the possibility of a risk-free profit at zero cost.

When the Committee of Public Safety made an appeal to the academics to assist in the defence of the republic, he applied himself wholly to these operations, and distinguished himself by his energy, writing the Description de l ' art de fabriquer les canons and Avis aux ouvriers en fer sur la fabrication de l ' acier.

When Marcelino Sanz de Sautuola first encountered the Magdalenian paintings of the Altamira cave, Cantabria, Spain in 1879, the academics of the time considered them hoaxes.

When this arrangement became public, it led to criticism from both academics and students stating that it was no academic worth to the university, bypassing Oxford ’ s governing council, and breaching the admissions process for prospective students.

When the tests were replicated with wine experts, including French wine academics, the results were again the same as chance.

When Western academics first investigated the Muslim conquest of Persia, they only had to rely on the accounts of the Armenian Christian bishop Sebeos, and accounts in Arabic that were written some time after the events they describe.

When academics worked to hide books banned by the Holy Office ’ s edit in 1647, the Inquisition required all six booksellers in the city to subject their lists to scrutiny under the threat of fine and excommunication.

When academic and athletic departments have conflicting aims, problems arise that affect the entire institution. American society values the elitism of academics and athletics in a manner that provokes conflict for participants in both domains.

When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state ; in simple terms, it is the possibility of a risk-free profit at zero cost.

When the winter tour began at Los Angeles last January there was no one in sight to challenge Palmer's towering prestige.

When new professional leagues started up to challenge the NFL's post-merger monopoly on professional football, Jacksonville was ready to join.

When the challenge failed, the college had to become a segregated school, but it set aside funds to help establish the Lincoln Institute near Louisville to educate black students.

When Elizabeth's relatives, especially her brother, Anthony Woodville, 2nd Earl Rivers, began to challenge Warwick's pre-eminence in English political society, Warwick conspired with his son-in-law, the Duke of Clarence, the king's younger brother.

When Nell enters the castle of King Coyote in the Primer's final challenge for her, she encounters an enormous computer apparently designed to think and placed in charge of the kingdom.

When the chips are down they all default to power positions and self-protection and status and the one woman who was a challenge to them, with all with her wit and intellect, they are all gleeful and relieved to see crushed.

When Quayle decided to challenge three-term Democratic incumbent Birch Bayh in the 1980 U. S. Senate election, Coats ran for and won Quayle's seat in the U. S. House.

When Demeter is inverted it portends either an opposite or challenge to the previously portrayed aspects of her card.

When faced with the question of the legality of her election, Enochs reportedly dared anyone present to challenge her in court.

When Fields Medal-winning combinatorialist Professor Gerald Lambeau ( Stellan Skarsgård ) posts a difficult problem taken from algebraic graph theory as a challenge for his graduate students to solve, Will solves the problem quickly but anonymously.

* When a player uses a Wild Draw Four card, the next player in line ( the one who must take the four cards ) may challenge if he / she believes that the original player could have legally played a colored card.

When Fingolfin, the High-king of the Noldor, learned of the defeats and heavy casualties of the Noldor, in despair and anger, he rode alone upon his war-horse, Rochallor, across Anfauglith to challenge Morgoth to single combat.

When Fingolfin arrived at gate of the fortress of Angband, his challenge to Morgoth was accepted.

When asked why he decided to direct the film, Schwimmer said: " As a director, I was struck by the challenge that I thought the script presented, which was that it was kind of three films in one.

When only one player is left, he is declared the winner ; with two people playing, the winner will always be determined on the first challenge.

When the next player picks up a card, you are no longer allowed to challenge the previous player.

When Hubbell seeks a job as a Hollywood screenwriter, Katie believes he's wasting his talent and encourages him to pursue writing as a serious challenge instead.

When competition began in 1900, the Davis Cup competition was played as a challenge cup.

When African American reporters from daily publications requested access to the conferences, Early reportedly told them to seek accreditation from capitol hill press officers, which was another sometimes insurmountable challenge.

When the army of Huayna Cápac arrived to challenge him, Garcia then retreated with the spoils, only to be assassinated by his Indian allies near San Pedro on the Paraguay River.

When a propaganda campaign was launched in the UK in 1915 over the massacres of Armenians, Pickthall rose to challenge it and argued that all the blame could not be placed on the Turkish government.

When a challenge presents itself to the characters, they roll a number of dice determined by the statistics of their character with a difficulty assigned by the storyteller.

When two experts match against each other one may challenge the other that he will hit his big toe.

When Patrick, Lord Lindsay took up the challenge, Morton gave Lindsay the sword of his ancestor, Archibald Douglas, 5th Earl of Angus.

When asked by his entry in the war diary that seemed to criticise the shootings at Bordeaux, Raeder stated that he was not protesting against the executions per se, but was instead protesting that the shootings had been done by the Kriegsmarine, arguing that the local naval commanders should have handed over the British POWs to the SD to be shot.

When Pufendorf went on to criticise a new tax on official documents, he did not get the chair of law and had to leave Heidelberg in 1668.

When the Portuguese Socialist Party won the elections it produced an estimation that by the end of the year the budget deficit would reach 6. 1 %, which it used to criticise Barroso's and Santana Lopes's economic policies.

When they reached their neighbor's house, Pamela said a few polite words to Grace and kissed Melissa lightly on the forehead, the impulse prompted by a stray thought -- of the type to which she was frequently subject these days -- that they might never see one another again.

When they had licked the last of the wieners' taste from their fingers, they settled back, and Cappy offered Ernie a cigarette.

When I question them as to what they mean by concepts like liberty and democracy, I find that they fall into two categories: the simpler ones who have simply accepted the shibboleths of their faith without analysis ; ;

When the Southern States exercised their `` right to secede '', they formed what they officially styled `` The Confederate States of America ''.

When Heidegger and Sartre speak of a contrast between being and existence, they may be right, I don't know, but their language is too philosophical for me.

When these had been pocketed, we could still spend a morning cracking open other pebbles for our delight in seeing how much prettier they were inside than their dull exteriors indicated.

When erosion threatened the foundation of their home in Harbert, Paula Sandburg planted grapevines and arranged the snow fences which helped hold the sands away.

When Johnny Mercer and Harold Arlen began their collaboration in 1940, Mercer, like Arlen, had several substantial film songs to his credit, among them `` Hooray For Hollywood '', `` Ride, Tenderfoot, Ride '', `` Have You Got Any Castles, Baby??

When Prudence and Blackberry were too young to be trusted in the dining room, they were tied to the radiator with their leashes, and they would cry.

When they were first written, there was evidently no thought of their being published, and those which refer to the writer's love for Mrs. Meynell particularly have the ring of truth.

When their levies came shambling into camp, they were all elbows, hair, and beard.

When the captives arrived in Boston, `` the chaplain ( of their captors ) went to prayers in the open streets, that the people might take notice what they had done in a holy manner, and in the name of the Lord ''.

When their faith in civil liberties is tested against strong pressures of social expediency in specific issues, e.g., suppression of `` dangerous ideas '', many waver and give in.

When the negotiations began, his quarrel with the king of France was temporarily in abeyance, and he had no intention of reviving it so long as there was hope that French money would come to pay the troops who, under Charles of Valois, the papal vicar of Tuscany, were so valuable in the crusade against the Colonna cardinals and their Sicilian allies.

There is, of course, nothing new about dystopias, for they belong to a literary tradition which, including also the closely related satiric utopias, stretches from at least as far back as the eighteenth century and Swift's Gulliver's Travels to the twentieth century and Zamiatin's We, Capek's War With The Newts, Huxley's Brave New World, E. M. Forster's `` The Machine Stops '', C. S. Lewis's That Hideous Strength, and Orwell's Nineteen Eighty-Four, and which in science fiction is represented before the present deluge as early as Wells's trilogy, The Time Machine, `` A Story Of The Days To Come '', and When The Sleeper Wakes, and as recently as Jack Williamson's `` With Folded Hands '' ( 1947 ), the classic story of men replaced by their own robots.

When finally the two bedraggled men reach their friend's home, Voltaire's fears are once again aroused.

When they stood about his tent, chaffing each other, exchanging their obscenities, cursing command or weather, he had studied their faces.

When he was bent over behind the wheel of the station wagon, feeling in his trouser cuffs for the ignition key which he had dropped a moment before, she came out of the house with an enormous Rumanian shawl over her head, which she had bought in that country during one of their trips abroad, and handed him a clean handkerchief through the window.

When solving an equation that involves division as well as other steps, do all the division steps first to reduce those parts of the equation to their numerical value.

When these groups were first formed many prominent and accomplished decorators could not have had the advantage of school training since interior design courses were rare and undeveloped during their youth.

When improvements are recommended in working conditions -- such as lighting, rest rooms, eating facilities, air-conditioning -- do you try to set a measure of their effectiveness on productivity??

When negotiating with your union, do you make sure employees have a choice between new benefits and their cents-per-hour cost in wages.

When he had left, I could never remember whether he had poked them in their middles, laughingly, with a thick index finger or whether he was merely so much the sort of person who did this that one assumed the action, not bothering to look.

When the larvae hatch, they feed on the beebread, although they also receive extra honey meals from their mother.