Wash Sale
Illegal method of avoiding paying tax on a foreign exchange trade by buying a currency and then quickly selling it to another, second broker. This technique was previously used by corrupt foreign exchange traders until the 30-day-wash rule came in and ended its effectiveness as a method of avoiding taxation.

Browse by Subjects

Popular Forex Terms

minimum cash balance
random check
executor
Personal Identification Number
NYSE Group
offshore
Federal Home Loan Bank
Buyer's Market
preliminary audit
Most Distant Month