Wash Sale Definition
noun
The illegal act of buying and simultaneously selling shares of a company's stock so as to create the appearance of active trading.
Webster's New World
The act of selling and then buying back within 30 days shares of a company's stock: it is now illegal to claim a tax deduction on the losses from such a sale.
Webster's New World
Other Word Forms of Wash Sale
Noun
Singular:
wash sale
Plural:
wash sales
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