Wash sale

• Is the sale of a security or instrument and the subsequent purchase with no economic interest. It can be motivated by tax or reporting purposes. It is generally deemed to be a sham transaction. It can also be construed as creating fictitious trading activity.

 Embedded terms in definition
 Related Terms

<< Wash Wash transaction >>

What to Know Before Declaring Your Financial Independence: Twenty-somethings may not realize it, but every time they enter a new phase of their life as young adults - perhaps starting college, a career or a family - they're also venturing into a new world of money management. Here are ways to be prepared. More...

No one ever achieved greatness by playing it safe. - Harry Gray


Copyright 2009-2018 GVC. All rights reserved.