A US name for the sale and purchase by a single investor, or a group in collusion, of a block of securities either simultaneously or in a short space of time to establish a loss or a gain; it may also be used to create the impression that the security in question is trading actively. It is similar to the practice known in the UK as bed and breakfast.

See also:

crossing.

• tau
• TAURUS
• taxable income
• taxable person
• tax allowance
• tax and price index
• taxation
• taxation brackets
• tax avoidance
• tax base
• tax break
• tax burden
• tax clearance
• tax credit
• tax credit system
• tax-deductible
• tax-deferred
• tax deposit certificate
• tax evasion
• Tax Exempt Special Savings Account
• tax exile
• tax-free
• tax haven
• tax holiday
• tax loss