wash sale Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "wash sale" - Business English Dictionary

wash sale

noun [C]
 
 
FINANCE, STOCK MARKET
a situation in which an investor sells shares, etc. then buys them back again almost immediately
( also wash trade) the illegal situation when the buyer and seller of shares, etc. is the same person or organization. The buying and selling at the same time gives the impression that there is a lot of trading activity connected with the shares, and may increase their price: In a wash trade, no real change of ownership of the securities is involved.
wash-sale rule a rule introduced to stop investors selling and buying back their shares, etc. within a 30-day period so that they cannot claim the sale as a tax loss: The wash-sale rule even applies if you buy new shares before you sell your losing ones.
(Definition of wash sale from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of wash sale?
Add Cambridge dictionaries to your browser to your website
Word of the Day
sprint

a short and very fast race, such as the 100 metres, or the last part of a longer race that is run as fast as possible

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

exoskeleton noun
exoskeleton noun
July 27, 2015
a robotic device which goes around the legs and part of the body of a person who cannot walk and allows them to move independently and in an upright position The device, known as an exoskeleton, is strapped to the outside of a person’s limbs and can then be controlled by them.

Read More