short-short test

Definition

Former Internal Revenue Service rule that placed a limit on the amount of income that could be received from short-sell trading. The rule previously prevented an investor from receiving more than 30% of their income from short-selling and stripped them of certain tax benefits if this amount was exceeded. Short-term is considered holding shares for under 3 months.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
short-seller short-term