Dictionary of banking and finance. 2015.
bond-washing — bondˈ washing noun An illegal series of deals in bonds designed to avoid payment of tax • • • Main Entry: ↑bond … Useful english dictionary
Bond Washing — The practice of selling a bond just before it pays a coupon payment and then buying it back once the coupon has been paid. Bond washing results in a tax free capital gains because after the coupon has been paid, the bond will sell for less. Bond… … Investment dictionary
bond washing — The process of selling a bond cum dividend and then repurchasing the bond ex dividend, designed to convert the coupon element of the bond s price into a capital gain, rather than receiving the coupon as income. This does not however, affect the… … Financial and business terms
bond washing — See dividend stripping … Big dictionary of business and management
bond — n. & v. n. 1 a a thing that ties another down or together. b (usu. in pl.) a thing restraining bodily freedom (broke his bonds). 2 (often in pl.) a a uniting force (sisterly bond). b a restraint; a responsibility (bonds of duty). 3 a binding… … Useful english dictionary
Bond — n. & v. n. 1 a a thing that ties another down or together. b (usu. in pl.) a thing restraining bodily freedom (broke his bonds). 2 (often in pl.) a a uniting force (sisterly bond). b a restraint; a responsibility (bonds of duty). 3 a binding… … Useful english dictionary
washing — / wɒʃɪŋ/ noun US the practice of selling and buying back the same security, so as to reduce tax liability, or to increase trading volume. ⇒ bond washing … Dictionary of banking and finance
Christopher Bond — This article is about the British playwright. For the US politician, see Kit Bond. Christopher Godfrey Bond (born 1945)[1] is a British playwright whose 1973 retelling[2] of the Victorian tale Sweeney Todd formed the basis of Stephen Sondheim s… … Wikipedia
dividend stripping — bond washing The practice of buying gilt edged security after they have gone ex dividend (see ex ) and selling them cum dividend just before the next dividend is due. This procedure enables the investor to avoid receiving dividends, which in the… … Big dictionary of business and management
Lloyd's of London — Not to be confused with Lloyds TSB or Lloyd s Register. Lloyd s redirects here. For other uses, see Lloyd This article is about the insurance market. For the film, see Lloyd s of London (film). Lloyd s Type Ins … Wikipedia
