Wash

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Related to Wash Trading: 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 ?
Despite the changes taking place in the business of raising money, the abuses described - wash trading, bucketing, pyramid schemes and the like - are problems at the beginning and remain so at the end.
Another type of fraud the Justice Department is investigating is called "(http://www.latimes.com/business/la-fi-bitcoin-investigation-20180524-story.html) wash trading ," in which one person sets up what looks like a legitimate purchase-and-sale deal, but actually does the deal with himself or herself.
Roubini, also known as 'Dr Doom' for accurately predicting the 2008 financial crisis two years before, warned that some people would use a market manipulation tactic known as wash trading to prop up the price.