Home » Dictionary » wash trade

wash trade

wash trade
 n.— Â«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.» â€”“Sempra Ordered to Turn Over Tapes” by Elizabeth Douglass in San Diego Los Angeles Times Aug. 9, 2006. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

Navel-Gazing (episode #1549)

In 1971, when a new public library opened in Troy, Michigan, famous authors and artists were invited to write letters to the city’s youngest readers, extolling the many benefits of libraries. One of the loveliest was from E.B. White, author of...

Baby Blues (episode #1542)

A hundred years ago, suffragists lobbied to win women the right to vote. Linguistically speaking, though, suffrage isn’t about “suffering.” It’s from a Latin word that involves voting. Plus: military cadences often include...

Recent posts