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…
Write Your Own (WYO) Program(WYO)A cooperative undertaking of the insurance industry and FEMA begun in October 1983.
WriterIn the options market, a writer is someone who sells put or call options, an activity known as writing a call or writing a put.
XenocurrencyXenocurrency is currency that trades outside of its own borders.
Yankee bondYankee bonds are bonds issued in dollars in the United States by overseas companies and governments.
YieldYield is most commonly associated with a money market fund's return. "Current Yield" is based on daily return, "Effective Yield" on the annual compounded…
Yield CurveA graph showing the term structure of interest rates by plotting the yields of all bonds of the same quality with maturities ranging from the shortest to…
Yield to MaturityA measure of the average rate of return that will be earned on a bond if held to maturity.
Yield to maturity (YTM)Yield to maturity is the most precise measure of a bond's anticipated return and determines its current market price.
Youthful DriverMost insurance companies charge higher rates for young drivers between the ages of 16 and 25.
Zacks Investment ResearchThis Chicago-based company tracks changes in earnings estimates, as well as buy, sell, and hold recommendations for approximately 5,000 stocks.
Zero sumA zero-sum market is one in which one investor's profit mirrors another investor's loss. For every dollar one person makes, someone else loses a dollar.
Zero-coupon bondA corporate or municipal debt security sold at a deep discount to its face value that does not pay periodic interest.
Zero-coupon convertible bondA zero-coupon convertible bond, like other convertible bonds, can be converted into stock in the issuing corporation if the stock reaches the trigger…
ZoneA geographical area shown on a Flood Hazard Boundary Map or a Flood Insurance Rate Map that reflects the severity or type of flooding in the area.