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单词 bed-and-breakfast deal
释义

bed-and-breakfast deal

English

Etymology

From the idea that one might stay in a bed and breakfast, since the trades take place on two consecutive days.

Noun

bed-and-breakfast deal (plural bed-and-breakfast deals)

  1. (Britain, finance) 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.
    Synonym: bed-and-breakfast transaction
  • bed-and-breakfasting
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