Wash

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Related to Wash Trades: Cross Trade

Wash

Gains equal losses.

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.
References in periodicals archive ?
Wash trades is the name given to the practice of banks creating fake trades to pay brokers through commissions.
At least 30 so-called wash trades went undetected between September 2008 and August 2009, according to the FSA.
Nine of the wash trades made between September 2008 and August 2009 generated more than 170,000 pounds fees to reward one broker for helping UBS.