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Bed and Breakfast
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The functional (but not necessarily the economic) equivalent of an overnight repurchase agreement (repo). A security or a portfolio is sold to register a tax gain or loss, and repurchased the following day (or when the 30 day wash sale period is over in the United States). A bed and breakfast trade also might be used to avoid showing a position at the end of a reporting period. See also Repurchase Agreement (Repo), (RP), Wash Sale.
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