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.
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.
ELEMENTARY SCHOOL PUNCTUATION QUIZ
Punctuation marks help make writing easy to read and understand. Some of the most important ones are the period (.), comma (,), question mark (?), and exclamation point (!). How well do you know how to use them? Find out in this quiz!
Question 1 of 10
Which punctuation mark is best for this sentence? "Can I watch a movie __"
Origin of wash sale
An Americanism dating back to 1840–50
Words nearby wash sale
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions for wash sale
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 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012