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bed-and-breakfast deal. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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bed-and-breakfast deal in singular and plural. Everything you need to know about the word
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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)
- (UK, 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.
- Synonyms: bed-and-breakfast transaction, wash sale
Further reading
- John Smullen, Nicholas Hand, editors (2005), “bed and breakfast”, in A Dictionary of Finance and Banking, 3rd edition, Oxford University Press, →ISBN, page 38