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Noun: martingale  'maa(r)-t(i)n,geyl
  1. A harness strap that connects the nose piece to the girth; prevents the horse from throwing back its head
  2. Spar under the bowsprit of a sailing boat
    - dolphin striker
  3. (statistics) a stochastic process in which the conditional expectation of the next value, given the current and preceding values, is the current value

Derived forms: martingales

Type of: saddlery, spar, stable gear, stochastic process, tack

Part of: harness

Encyclopedia: Martingale