wash trade

wash trade
 n.β€” Β«In the natural gas case, there are examples of traders who agreed to buy the same amount of natural gas from each other in what is known as a “wash” trade, so they could report a high trade price to an industry publication whose trading reports set market prices for natural gas throughout the region.Β» β€”β€œSempra Ordered to Turn Over Tapes” by Elizabeth Douglass in San Diego Los Angeles Times Aug. 9, 2006. (source: Double-Tongued Dictionary)

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