wagesCompensation received by employees for services performed. Usually, wages are computed by multiplying an hourly pay rate by the number of hours worked.
Waiting PeriodThe time between the date of application and the policy effective date.
WaiverUnder 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 PremiumA provision that sets certain conditions under which an insurance policy would be kept in full force by the company without the payment of premiums.
warrantA certificate giving the holder the right to purchase a security (such as a stock) at a set price within a specified period of time.
Wash saleWhen 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 EndorsementApplies to small motorboats and sailboats and broadens your personal liability and medical payments coverage on them.
Wave Height AdjustmentA measurement that is added to the base flood elevation for V Zones shown on the Flood Insurance Rate Map published prior to 1981.
Weather derivativeA weather derivative is a futures contract - or options on that futures contract - where the underlying commodity is a weather index.
Weighted Average Life (WAL)average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding.
Weighted stock indexIn 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 numberA whisper number is an unofficial earnings estimate for a particular company that a stock analyst shares with clients to supplement the official published…
White knightA 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 insuranceA whole life insurance policy is a type of permanent insurance that provides a guaranteed death benefit and has fixed premiums.
Widely DiversifiedWidely diversified is a central element of the definition of an Excepted Investment Fund and of a Qualified Trust.
WillA 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…
Wire houseNational brokerage firms with multiple branches were, in the past, linked by private telephone or other telecommunications networks that enabled them to…
Wire roomWhen brokerage firm orders to buy and sell were handled manually, the back office of the firm was called the wire room.
Wire TransferA transfer of funds from one point to another by wire or network such the Federal Reserve Wire Network (also known as FedWire).
WithdrawalA withdrawal is money you take out of your banking, brokerage firm, or other accounts.
WithholdingWithholding is the amount that employers subtract from their employees' gross pay for a variety of taxes and benefits, including Social Security and…
Work Outa way to resolve or restructure a loan to prevent a homeowner from going into foreclosure through a loan modification, forbearance or short sale.
Workers’ CompensationA program through which an employee may receive compensation in the event of an accidental, employment-related injury.
Working capitalWorking capital is the money that allows a corporation to function by providing cash to pay the bills and keep operations humming.
Workout arrangementThis 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…
World BankFormally known as the International Bank for Reconstruction and Development (IBRD), the World Bank was established in 1944 to aid Europe and Asia after…
World fundUS-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 accountA wrap account is a professionally managed investment plan in which all expenses, including brokerage commissions, management fees, and administrative…
Wrap upThe 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…