bed-and-breakfast deal
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English[edit]
Etymology[edit]
From the idea that one might stay in a bed and breakfast, since the trades take place on two consecutive days.
Noun[edit]
bed-and-breakfast deal (plural bed-and-breakfast deals)
- (UK, finance) 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.
- Synonyms: bed-and-breakfast transaction, wash sale