Part of speech: n.
Quotation: If you sell, make sure you don’t run afoul of what’s known as the wash-sale rule. A wash sale happens when you sell a security at a loss and, within 30 days before or after the sale, you buy the same thing, or something “substantially identical.” In that case, you can’t deduct your loss.
Author:
Tom Herman
Date of publication:
July 29, 2007
This catchword has yet to be researched.