bed-and-breakfast deal
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