Simple English definitions for legal terms
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Term: WASH
Definition: WASH has two meanings. The first meaning is when two things happen that cancel each other out. For example, if you make some money but then have to spend the same amount, it's a wash because you end up with the same amount of money as before. The second meaning is the part of a river or sea where the water is shallow and there are rocks and sand. This happens when the water washes down rocks and sand from a mountain and deposits them on flat land near the river or sea.
Wash can have two different meanings:
The first example illustrates the first definition of wash, where two effects cancel each other out. In this case, the gross income and deduction offset each other, resulting in no change in taxable income. The second example illustrates the second definition of wash, where the river deposits sand and rocks on the nearby land, creating a shallow area or arm of the sea.