释义 |
bond washing
bond washing n (Banking & Finance) a series of deals in bonds made with the intention of avoiding taxation Bond Washing
Bond WashingThe act or practice of selling a bond before a coupon is paid and buying it back immediately after the payment. After a coupon is paid, the price of the bond usually decreases by the amount of the coupon. Bond washing, then, is a way to produce a capital gain without having to pay tax on it. |