wash sale

wash sale

 
noun
1.
a sale of a stock at a loss and repurchase of the same or substantially identical stock within 30 days, for which the capital loss is disallowed for tax purposes.
2.
the simultaneous purchase and sale of large amounts of a stock or commodity by the same speculator so as to give a false appearance of wide market activity and interest in the stock or commodity.
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Origin:
1840–50, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Wash sale is always a great word to know.
So is doohickey. Does it mean:
a stew of meat, vegetables, potatoes, etc.
a gadget; dingus; thingumbob.
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Collins
World English Dictionary
wash sale
 
—n
(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

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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