Phrase guide
Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.
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noun
The practice of selling a position on the last trading day of the year to establish a tax loss, and then repurchasing early on the first session of the new trading year, to restore the position.
Definition source: English Wiktionary via Wiktextract
Usage: UK
Topics: business, finance
No example sentence was provided for this meaning.
Synonyms: bed-and-breakfast transaction, wash sale
Antonyms: none provided
History
From the idea that one might stay in a bed and breakfast, since the trades take place on two consecutive days.
