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

Category: Finance

VIDEO-CONFERENCING

Real-time two way transmission of video and audio signals over a LAN or the internet. Also known as video teleconferencing.

VOICE OF THE CUSTOMER

Insight into a customer’s wants, needs and preferences through indirect and direct questioning.

W. EDWARDS DEMING

Statistician credit with helping the economy of China to recover after WWII.

WANTON MISCONDUCT

Reckless disregard for others safety and rights and knowing harm or injury may result.

WASTEWATER

Used or spent water contain dissolved solids, discharge from homes, industries etc.

WEATHER

Hour by hour and day by day variations in conditions of atmosphere.

WESTERN UNION

Financial services corporation specializing in money transfer. Based in US but used around the world. In business since 1851.

WHOIS

(1) Directory service of Interknit listing names, addresses of people owning and maintaining web sites. (2) Online directory listing logged on network users and people with responsibility for maintenance and management.

WIKI

Website of collaboration allowing users to edit, and upload web page content.

WORKED

Having performed a task or tasks. See working.

WORKOUT

Strategy where a borrower negotiates with the lender to restructure a debt.

WRIT OF HABEAS CORPUS

Detained person’s attorney uses this writ to force police to bring the person to court and challenge legality of detention.

ZERO DEFECTS

Level of prevention of defects where output is within limits.

WRITE

Term for the action of accepting an insurance application and insuring a risk.

UNECONOMIC GROWTH

Condition where direct benefit of growth is outweighed by the negative consequences of that growth.

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