Business terms starting with W

54 terms

Wage and Hour Division (WHD) Wage and Hour Division (WHD) is the agency of the U.S. Department of Labor, responsible for enforcing the LCA attestations, as well as promoting and…
Wage and salary accruals See Wage and salary accruals and disbursements
Wage and salary accruals and disbursements The monetary remuneration of employees, including the compensation of corporate officers; commissions, tips, and bonuses; voluntary employee contributions…
Wage and salary disbursements See Wage and salary accruals and disbursements
Wage rate Wage rate means the remuneration (exclusive of fringe benefits) to be paid, stated in terms of amount per hour, day, month, or year (see definition of…
wages Compensation received by employees for services performed. Usually, wages are computed by multiplying an hourly pay rate by the number of hours worked.
Waiting Period The time between the date of application and the policy effective date.
Waiver Under the conflict of interest statute, 18 U.S.C. § 208, a waiver permits an employee to participate in specified Government matters which would…
Waiver Of Premium A provision that sets certain conditions under which an insurance policy would be kept in full force by the company without the payment of premiums.
Walk Through An inspection of a property by the prospective buyer prior to closing on a mortgage.
Walkthrough A common clause in a sales contract that allows the buyer to examine the property being purchased at a specified time immediately before the closing, for…
warrant A certificate giving the holder the right to purchase a security (such as a stock) at a set price within a specified period of time.
Warranties Written guarantees of the quality of a product and the promise to repair or replace defective parts free of charge.
Warranty Deed A document protecting a homebuyer against any and all claims to the property.
Wash sale When you purchase and then sell or sell and then repurchase the same security or a substantially similar security within 30 days, the double transaction…
Watercraft Endorsement Applies to small motorboats and sailboats and broadens your personal liability and medical payments coverage on them.
Wave Height Adjustment A measurement that is added to the base flood elevation for V Zones shown on the Flood Insurance Rate Map published prior to 1981.
Weather derivative A weather derivative is a futures contract - or options on that futures contract - where the underlying commodity is a weather index.
Weighted Average Coupon The weighted average of the stated interest rates on the underlying loans, weighted by the principal balances of the loans.
Weighted Average Life (WAL) average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding.
Weighted stock index In weighted stock indexes, price changes in some stocks have a much greater impact than price changes in others in computing the direction of the overall…
Whisper number A whisper number is an unofficial earnings estimate for a particular company that a stock analyst shares with clients to supplement the official published…
White knight A corporation that is the target of a hostile takeover sometimes seeks out a white knight that comes to the rescue by making an offer to acquire the…
Whole life insurance A whole life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums.
Whole Life Insurance (Straight Life or Permanent Life) A plan of insurance for life, with premiums payable for a person's entire life.
wholesale banking Banking services offered to large corporate and institutional customers, such as pension funds and government agencies are considered wholesale banking.
Widely Diversified Widely diversified is a central element of the definition of an Excepted Investment Fund and of a Qualified Trust.
Will A will is a legal document you use to transfer assets you have accumulated during your lifetime to the people and institutions you want to have them after…
Willful Willful means a knowing failure or a reckless disregard with respect to whether the employer's conduct was contrary to section 212(n)(1)(A)(i) or (ii) of…
Willful violator Willful violator is an H-1B employer who, by final agency action of the Department of Labor or Department of Justice, has been found to have willfully…
Wire house National brokerage firms with multiple branches were, in the past, linked by private telephone or other telecommunications networks that enabled them to…
Wire room When brokerage firm orders to buy and sell were handled manually, the back office of the firm was called the wire room.
Wire Transfer A transfer of funds from one point to another by wire or network such the Federal Reserve Wire Network (also known as FedWire).
Withdrawal A withdrawal is money you take out of your banking, brokerage firm, or other accounts.
Withdrawal of certified labor condition applications Withdrawal of certified labor condition applications may take place at any time before the expiration of the validity period of the application, provided…
Withholding Withholding is the amount that employers subtract from their employees' gross pay for a variety of taxes and benefits, including Social Security and…
withholding ("pay-as-you-earn" taxation) Money, for example, that employers withhold from employees paychecks. This money is deposited for the government.
Work Out a way to resolve or restructure a loan to prevent a homeowner from going into foreclosure through a loan modification, forbearance or short sale.
Workday Workday shall mean any day on which an H-1B nonimmigrant performs any work at any worksite(s) within the area of short-term placement or assignment.
Workers Compensation A program through which an employee may receive compensation in the event of an accidental, employment-related injury.
Working capital Working capital is the money that allows a corporation to function by providing cash to pay the bills and keep operations humming.
Working conditions Working conditions include matters such as hours, shifts, vacation periods, and benefits such as seniority-based preferences for training programs and…
Workout agreement A type of debt management plan.
Workout arrangement This is a special arrangement between us and you in which we agree to a temporary reduction in applicable interest rates or fees in return for your…
Worksite Worksite means the place of employment or physical location where the work actually is performed.
World Bank Formally known as the International Bank for Reconstruction and Development (IBRD), the World Bank was established in 1944 to aid Europe and Asia after…
World fund US-based mutual funds that invest in securities from a number of countries, including the US, are known as world funds or global funds.
World Trade Organization (WTO) The WTO was formed in 1995 to enforce the regulations established by the General Agreement on Tariffs and Trade (GATT) and several other international…
Wrap account A wrap account is a professionally managed investment plan in which all expenses, including brokerage commissions, management fees, and administrative…
Wrap up The last stage of the disclosure editing process which explains if the disclosure report is ready to be submitted and allows the Filer to submit the…
Wraparound mortgage A loan arrangement in which an existing loan is retained and an additional loan is combined with the existing loan.
Write Your Own (WYO) Program A cooperative undertaking of the insurance industry and FEMA begun in October 1983.
Writer In the options market, a writer is someone who sells put or call options, an activity known as writing a call or writing a put.
Wrought Iron Iron that is worked by being forged or hammered.