In the UK markets, the practice of selling COMMON STOCK of a company on one day and repurchasing it the following day in order to establish a gain or loss for tax purposes; bed and breakfasting was outlawed starting in 1997. See also WASH SALE.
Link to This DefinitionDid you find this definition of BED AND BREAKFASTING helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary