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

Category: Finance

WAGE RATE

Pay rate based on units produced or time of working.

WAREHOUSE RETAILING

Mass detailing of goods by a store offering little customer service but low prices.

WEB DESIGN

Describes all of the tasks needed to create an HTML driven web page to be displayed on the WWW.

WET LOAN

Mortgage arrangement where settlement occurs simultaneously with document signing.

WHOLESALE BANKING

1. Banking services offered to government agencies, pension funds and corporations with sound income statements and strong balance sheets only. 2. Lending and borrowing between banks.

WINSORIZED MEAN

Measurement to estimate the mean with a lower dependence on outlying values.

WITHOUT RESERVE

Situation where an agent can make decisions without seeking the principal’s approval.

WORKSHEET

Informal sheet where the accountant can record information to adjust balances and substantiate opinion with regard to transactions and balances.

WYSIWYG

“What you see is what you get”. Display showing what a document will look when it has been printed.

ZERO INVENTORIES

Stage of ‘just in time inventory control’ where any waste is removed and only on hand and required inventory is available.

UNICOHORT

Lowest number of people exposed to a risk where fatality does occur.

UNIFORM SECURITIES ACT

Legislation addressing securities fraud at state levels drafted by National Conference of Commissioners on Uniform State Laws in 1956.

UNIT

1. Determined opt definite quantity used a standard of exchange and measurement. 2. Fractional undivided interest of a mutual fund, unit trust.

UNLAWFUL ENTRY

Forced, unlawful and clandestine entry on land or into premises.

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