Home > Term: wash sale
wash sale
A practice in which promoters, through the connivance of brokers who pretend to carry through transactions and thus obtain false quotations, create a fictitious flurry of activity in the stock market.
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Creator
- ed.young
- 100% positive feedback
(Milwaukee, United States)