bed and PEP


adjective
  1. British (of a stock-exchange transaction) complying with regulations for self-select PEPs, a shareholding being sold in the evening and bought back the next morning for the shareholder's own PEP

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012