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

Category: Finance

WALLET

Apparel used to organize cash, credit cards and other small items important for daily use.

WASHINGTON MUTUAL

One of the USA’s largest savings and loan businesses based in Seattle in Washington. Washington Bank is no longer a part after FDIC seized and sold assets to JP Morgan Chase in

WEAK DOLLAR

Relating to another countries currency needing more of yours to buy theirs.

WELFARE

1. Resources and conditions needed for healthy and comfortable living. 2. Government support for members of society who are disadvantaged.

WHITE COLLAR CRIME

Fraud and crime committed by managerial and administrative personnel, professionals and public servants.

WITH RIGHTS

Buying shares where the purchaser has the right o buy more shares in the next share issue.

WORKING FILE

Temporary file of data, drafts, notes etc. Used in analyzing and preparing plans, documents and projects.

WORTH

Measure of the value received, derived satisfaction of a tangible or intangible product.

UNFAVORABLE BALANCE OF PAYMENTS

The situation arising when payment made outside of the country are greater than payments received by a company. Also known as balance of payment deficit.

UNITS-OF-OUTPUT DEPRECIATION

Depreciation method calculated based on an asset’s use instead of time it is in service and matching expense of depreciation to generated revenue.

UNLOADING

1. Off loading goods from the container or vehicle that delivered them. 2. Selling goods in order to be rid of them at a lower than usual price.

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