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.

WET BASIS

Formula where the weight of an article wet is divided by weight of an article dry and multiplied by 100 giving a % weight increase.

WILDCARD

Symbol or character replacing characters in search commands.

WINDSTORM

Wind that causes damages to property insured.

WRONGFUL DEATH ACTION

Civil law suit filed by the deceased survivors against the organization or person felt to be responsible.

WRITE DOWN

Downward revision of an asset’s book value reflecting current drop in market value.

UNEMPLOYMENT

Total number of men and women able to work who are currently looking for work.

UNFUNDED

1. Finance. Debt or project not funded by private or public funds. 2. retirement plan. Current benefits are paid out from current funds paid into the plan.

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