wash sale
English
Noun
wash sale (plural wash sales)
- (finance) The sale of a security at a loss, and repurchase of the same or substantially identical security shortly before or after; used in tax evasion.
- Synonym: (UK) bed-and-breakfast deal
Related terms
See also
Further reading
- John Smullen, Nicholas Hand, editors (2005), “wash sale”, in A Dictionary of Finance and Banking, 3rd edition, Oxford University Press, →ISBN, page 429
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