wash sale

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Related to Wash Selling: wash sale, wash trade

wash sale

n.
The sale and repurchase of a security within a short period of time, especially in order to realize a loss that can be deducted from taxable income.

wash sale

n
(Stock Exchange) US the illegal stock-exchange practice of buying and selling the same securities at an inflated price through a colluding broker to give the impression that the security has a strong market