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

Category: Finance

WITNESS

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

WORKSHOP

1. Shop floor where physical work is carried out. 2. Seminar opt training class given to solve tasks related to work to gain hands-on experience.

X OR XD

Used in the financial press to indicate stock trading with no dividend,; bond trading with no interest; mutual fund paid recently a dividend or capital gain.

ZERO LATENCY

Information technology. No time lag between information exchange to interfaces or the instant response to input.

WRITEOFF

Removal of BV of an obsolete or destroyed asset, uncollectable sum by reducing it to zero.

TAX WAIVER

Document issued by the state specifying that the tax department will transfer stock as it has indicated.

TEASER RATE

Low interest rate or a high interstate to entice customers to take up the offer.

TED SPREAD

Treasuries Over Euro Dollar Spread. Wall Street term applied to the gap existing between interest rates on US securities and dollar deposits held outside of the US.

TEMPER

Characteristic of metal to do with hardness and stiffness. See tempering.

TENDER OF PAYMENT

An offer that is without conditions to pay a debt that is lieu of the actual payment.

TEXT TYPE

Serif type face chosen to be legible in small sizes.

THIRD-PARTY INSURANCE

Liability insurance bought by an insured from the insurer to protect against claims from another party.

TIME BAR

Stoppage put on exercising a claim or judgment after a period that was established by a law or custom.

TIME PERIOD CONCEPT

Concept of accounting where a firm’s operating cycle is divided into separate accounting periods that can be reported on in a manner that is timely.

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