wash sale Meaning in the Cambridge English Dictionary
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Meaning of “wash sale” in the English Dictionary

"wash sale" in Business English

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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)
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