Wash

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Wash

Gains equal losses.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Wash

A situation in which the profit on one activity or investment equals the loss on another. When an investment is a wash, it is said to break even.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
In addition, despite red flags and trading alerts surrounding apparent wash trades, spoofing or layering by people affiliated with the unregistered BDs, Lightspeed did not investigate or otherwise pursue AML activities it should have acted on to follow through on the questionable transactions.
However, that month, (http://www.ibtimes.co.uk/articles/432647/20130207/libor-fixing-scandal-icap-wash-trade-michael.htm) Icap's chief executive Michael Spencer, and former Conservative party treasurer, declared that the group did not find "wash trades," used by banks to reward brokers for their help in manipulate key interbank lending rates, in a bid to distance itself from the Libor rigging scandal.
At least 30 so-called wash trades went undetected between September 2008 and August 2009, according to the FSA.