The Law Dictionary

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

Category: Finance

WETTING

Act of a fluid spreading over a solid surface or other fluid, penetrating a porous surface and loosening trapped grime.

WHITELIST

List of approved bodies allowed to use or have access to a specific entity.

WITH PREJUDICE

Law phrase. (1) a dismissed case cannot be tried again, (2) court order is final. See without prejudice.

WORK ETHIC

Belief that there is a moral benefit to working that it will strengthen character.

WORK SIMPLIFICATION

Performance that makes working less expensive and more consistent with the task objective.

WRITING DOWN ALLOWANCE (WDA)

Capital allowance where costs of acquired assets in the present year as added to a written down value of assets from the previous year.

YANKEE BOND

Dollar denomination bond sold in USA by a foreign bank. Equivalent to a Eurobond.

YIELD TO CALL (YTC)

Yield on a bond calculated on the assumption the issuer will redeem on its first call date stated in the prospectus.

ZERO SUM GAME

Decision theory. Where a participant’s gain equals another’s loss. Also known as constant sum game. See negative or positive sum game.

UNEMPLOYMENT TAX

Ad valorem tax on income that covers the costs of unemployment insurance.

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.