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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
 Interest
Purchase
Sale
Security
Trading
 
 Related Terms
 

<< Wash Wash transaction >>

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

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