In a wash sale, the seller repurchases the security immediately. The purpose of a wash sale, which is not a genuine sale, is merely to establish a record of sale for tax purposes or for misleading others by creating a false impression of rise or fall in prices.

Warning Quantity Percentage

It refers to a percentage which reflects the quantity outstanding on a certain security. An order with quantity exceeding this percentage causes the system to force the dealer to confirm the entered order.

Watered

A company that has issued shares in excess of the real value of the business is said to have watered its capital. It is in effect similar to the deficit financing done by some governments.