Definition: "Carry Trade"

There are lots of definitions of the term "carry trade".

However, one of the most general can be found on freebuck.com:
"Carry trade - The speculation strategy that borrows an asset at one interest rate, sells the asset, then invests those funds into a different asset that generates a higher interest rate yield. Profit is acquired by the difference between the cost of the borrowed asset and the yield on the purchased asset."

With respect to currency carry trades the definition has to be concretised:
"Investors borrow low-yielding currencies and lend high-yielding ones."