Word Pronunciation & Dictionary

wash trade

Word Rarity Uncommon

Frequency: Zipf frequency 4.37 in modern English

Syllables: wash -trade
IPA

16

Scrabble Score

9

Letters

2

Syllables

8

Unique Chars

Meaning

noun

A trade in which someone simultaneously sells and buys (from themselves) the same financial instruments, to create misleading, artificial activity in the market (especially to make the instruments appear to be frequently traded and in demand).

Example Sentences

"To do so, you plan to list the NFT for sale and buy it from yourself at a buzzworthy sum—say, for 1,000 ETH. If you already have a lot of crypto wealth, you can easily execute this wash trade by simply purchasing the NFT from yourself using a second account."

Inflected Forms

wash trades (plural)

Phrases

wash sale tape painting paint the tape

Frequently Paired Words

wash sale tape painting paint the tape

Questions

What does wash trade mean?: A trade in which someone simultaneously sells and buys (from themselves) the same financial instruments, to create misleading, artificial activity in the market (especially to make the instruments appear to be frequently traded and in demand).

How to pronounce wash trade

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