bed-and-breakfast deal
The practice of selling a position on the last trading day of the year to establish a…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.
Meaning
1 senses(UK)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.
Origin
From the idea that one might stay in a bed and breakfast, since the trades take place on tFrom the idea that one might stay in a bed and breakfast, since the trades take place on two consecutive days.
Wiktionary, CC BY-SA 4.0 · source
Forms
plural: bed-and-breakfast deals| Singular | bed-and-breakfast deal |
|---|---|
| Plural | bed-and-breakfast deals |
regular
Synonyms
2 synonymsWord family
1 related wordsSee also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.