The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

VOLUNTARY BARGAINING ISSUE

Matter mandated by law and discussed in collective bargaining processes. Also known as Voluntary bargaining subject, permissive bargaining issue.

VOTING STOCK

Common shares give the owner the right to vote at the AGM. Also known as voting shares.

WAGE CURVE

Graph comparing and illustrating unemployment rates with wage rates in the same area.

WARSAW CONVENTION

Agreement of international civil aviation establishing the frame work for carrying cargo, luggage and passengers. Now overseen by International Civil Aviation Organization, ICAO.

WASTEWATER

Used or spent water contain dissolved solids, discharge from homes, industries etc.

WATT (W)

Metric unit of power equal to 1/746 of horsepower or one joule per second.

WEIGHT OR MEASUREMENT (W/M)

Way of quoting rates for freight. (1) Sea freight; per metric ton or cubic meter whichever is greater,(2) Air; per kilogram or 1 cubic foot whichever is greater.

WET BASIS

Formula where the weight of an article wet is divided by weight of an article dry and multiplied by 100 giving a % weight increase.

WILLFULNESS

Intentional but not necessary malicious law violation or dereliction of duty.

WISCONSIN LIFE FUND

Insurance plan sponsored by the state of Wisconsin providing cover for those requesting it..

WITNESS

1. Person who sees a document signed. 2. Person called to court to testify and give evidence.

WORK REQUEST

Authorization for mow work through client/customer negotiations.

WORKED

Having performed a task or tasks. See working.

WORKGROUP

Two or more people acting like a team to achieve a common goal, may not work in same department.

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