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

Category: Finance

WALL TO WALL

Covering a room’s floor or stretching across the room.

WASH SALE RULE

Referring to an IRS regulation governing how capital loss from investments is recognized. Also called wash rule.

WAYBILL

Shipping document travelling with shipment showing consigner and consignee, origin, destination, goods involved, weight and freight.

WEIGHTED AVERAGE

Mean where each item averaged is multiplied by a number based on its importance relative to others. Also known as weighted mean.

WHILE CLAUSES

Clause that stipulates cover is suspended while things are occurring on the property.

WIDE ECONOMIC MOAT

Company’s advantage over its competition able to be exploited for profit over time.

WITH PREJUDICE

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

WORK PRODUCT

Outcome needed to be produced to finish a project and meet objectives.

UNFAIR TRADE PRACTICE

In US law an act, practice or policy of a foreign government violate trade agreements, is unjust or unreasonable and is inconsistent with section 301 of WTO.

UNIT OF ISSUE

Measurement physically of quantity that an item is stored and issued as.

UNITRUST

Trust where certain percentage of the yearly assessed market value is paid to the beneficiary of the trust.

UNLISTED NUMBER

Phone number that is not found in a directory or by calling enquiries.

UNREASONABLE RISK

Adverse effect to people and the environment by a biocide and considering the economic, medical, environmental costs.

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