wash trade

wash trade
n.
The sale of a security at a loss and the repurchase of the same security within thirty days before or after the sale, which does not result in a capital loss for tax purposes; a wash sale.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

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  • wash trade — A matched deal which produces neither a gain nor a loss. Exchange Handbook Glossary * * * wash trade wash trade ➔ trade1 * * * wash trade UK US noun [C] FINANCE, STOCK MARKET ► WASH SALE(Cf. ↑wash sale) …   Financial and business terms

  • Trade — A verbal (or electronic) transaction involving one party buying a security from another party. Once a trade is consummated, it is considered done or final. Settlement occurs 1 5 business days later. The New York Times Financial Glossary * * * ▪ I …   Financial and business terms

  • trade — An oral (or electronic) transaction involving one party buying a security from another party. Once a trade is consummated, it is considered done or final. settlement occurs 1 5 business days later. Bloomberg Financial Dictionary A trade is a deal …   Financial and business terms

  • wash sale — Purchase and sale of a security either simultaneously or within a short period of time, often in order to recognize a tax loss without altering one s position. Bloomberg Financial Dictionary See: tax selling. Bloomberg Financial Dictionary * * *… …   Financial and business terms

  • Wash sale — is a sale of a security (stock, bonds, options) at a loss and repurchasing the same or substantially identical stock soon afterwards. The idea is to make an unrealised loss claimable as a tax deduction, by offsetting against other capital gains… …   Wikipedia

  • wash sale — ☆ wash sale n. the pretended trading of stock, accomplished by buying shares at one broker and simultaneously selling an equal number of shares at another broker, in order to make trade in that stock appear active: an illegal practice …   English World dictionary

  • trade acceptance — Commercial paper. Continental Nat. Bank & Trust Co. v Stirling, 65 Idaho 123, 140 P2d 230, 149 ALR 314. A draft or bill of exchange, drawn by the seller on the purchaser of goods sold, and accepted by such purchaser, the purpose of the… …   Ballentine's law dictionary

  • Old Spanish Trail (trade route) — For other uses, see Old Spanish Trail (disambiguation). Old Spanish Trail U.S. National Register of Historic Places U.S. Hi …   Wikipedia

  • Fictitious Trade — 1) A trade that is booked with an execution date far in the future, and is adjusted to include the correct settlement and trade date when the transaction is completed. A fictitious trade is used in the processing of a securities transaction as a… …   Investment dictionary

  • Market manipulation — describes a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency.[1] Market… …   Wikipedia

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