Definition of Washing

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TeachMeFinance.com - explain Washing




historic definition...

Washing -- A Wall Street colloquialism used to describe the operation of simultaneously buying and selling the same stock for the purpose of making quotations and generally for the purpose of inducing speculation in the stock by imparting apparent activity to it. The transaction is fictitious and so is the price. Also see Manipulation.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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