What is another word for Wash sale?

Pronunciation: [wˈɒʃ sˈe͡ɪl] (IPA)

A wash sale is a term used in investing that refers to a transaction in which an investor sells a security at a loss and then purchases it back within a short period of time, often 30 days. This practice is illegal and is not allowed by the IRS. There are several synonyms for the term 'wash sale', including "round trip trade", "pseudo sale", "artificial loss-making transaction", "wash trade", "wash out", and "sale and repurchase". These terms describe similar fraudulent practices, in which investors try to manipulate the market or their tax obligations by artificially creating a loss and offsetting gains. Investors should always be aware of these practices and avoid engaging in them to avoid legal and financial consequences.

What are the hypernyms for Wash sale?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    transaction, financial transaction, stock trading, investment transaction, Share transaction, Tax avoidance strategy, Tax transaction.

Related words: wash sale rule, wash sale definition, wash sale tax, what is a wash sale, what is a wash sale rule, what is a wash sale definition, what is a wash sale tax

Related questions:

  • Whats a wash sale?
  • What does a wash sale mean?
  • What does a wash sale do?
  • Word of the Day

    Fippenny bit
    "Fippenny bit" is a term used in British English to describe a small, old-fashioned coin worth two pennies. As "fippenny bit" is a relatively uncommon word, there are not many anto...