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

The most popular online dictionary and thesaurus for learners of English

Meaning of “wash sale” in the English Dictionary

"wash sale" in Business English

See all translations

wash salenoun [C]

a ​situation in which an ​investorsellsshares, etc. then ​buys them back again almost immediately
(also wash trade) the ​illegalsituation 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 ​tradingactivityconnected with the ​shares, and may ​increase their ​price: In a wash ​trade, no ​realchange of ​ownership of the securities is involved.
wash-sale rule a ​ruleintroduced to ​stopinvestorsselling and ​buying back their ​shares, etc. within a 30-day ​period so that they cannot ​claim the ​sale as a ​taxloss: The wash-sale ​ruleevenapplies 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


typical of autumn

Word of the Day

Introducing a new author and a new weekly blog post!
Introducing a new author and a new weekly blog post!
by Cambridge Dictionaries Online,
August 27, 2015
The English language is constantly changing. You know that. But did you know that at Cambridge Dictionaries Online we keep track of the changes? We continually add new words and new meanings to our online dictionary for learners of English. Some of them are new to English entirely (neologisms), and some

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More