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

Category: Finance

VIATICAL SETTLEMENT

Settlement where an insurer pays a part of death benefits covering a person with a terminal illness.

VIRTUAL

1. General. Having the properties of a thing but being the thing. 2. Computing. An operation or feature appearing to exist but it does not.

VISUAL BASIC

Microsoft designed programming language interface allowing programmers to modify Basic Code.

VOTING RIGHT

Delegable right of a common share holder to vote in decision making processes and to select board members.

WAITING TIME

Period in a job where an employee is unable to work because of factors he has no control over.. Also known as allowed time, idle time, downtime.

WARM SITE

Disaster management term for an alternate business recovery site only partially equipped for business.

WATERSHED

Area above a water body that collects and adds to body of water.

WEBOGRAPHICS

Study of features, user profiles of visitors to sites. See demographics, psychographics.

WETTABILITY

Surface’s property to allow a liquid to get through dust on top of it and stick to the substrate. See wetting and wetting ability.

WILL COST

Price of contracts based on doing a job in a set period of time. Based on historical data that may have been an inefficient use of time so analysis is needed.

WITNESS TAMPERING

Obstructing justice by harassment, intimidation of the witness before and after testimony.

WORKFLOW

Steps comprising a work process where 2 or more people add or create value to activities of an organization.

WORLD BANK

Popular name for International Bank for Reconstruction and Development. See World Bank System.

YAHOO!

Online website portal with a large array of information from entertainment to news and finance.

ZERO-PROOF BOOKKEEPING

Used in small businesses and by individuals. Method of bookkeeping with a zero balance at end of the accounting period.

WRITER

1. General. Bill of exchange drawer. 2. Insurance. Underwriter. 3. Options trading. Option contract seller. Also known as option seller.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.