cabinet bid | meaning of cabinet bid in Longman Dictionary of Contemporary English | LDOCE
From Longman Business DictionaryRelated topics: Finance, Taxcabinet bidˈcabinet bid British English FINANCETAX the sale of an investor’s OUT-OF-THE-MONEY OPTION for one penny in order to reduce the amount of tax they have to pay → bid
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Word of the day cantankerous bad-tempered and complaining a lot