Tax swap

The sale of a security that has declined in price since ITS purchase and the simultaneous Purchase of a similar but not identical security, in Order to realize a loss for Tax purposes while maintaining a Position.

Related Terms: 10 Decline, ECU, Inc., ITS, Order, Purchase, Position, Real, SEC, Tax

Other Related Pages: Category: Trading Starting With: T

Additional Related Terms: Allowance for depreciation, Accrual of discount, After-tax basis, Agency security, Amortization of premium, Asked price, Asking price, Asset-backed security, At par, All or any part