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)
- (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
Related terms
- bed-and-breakfasting