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

Category: Finance

WET LEASE

Leasing agreement where multiple services to the lessee of the property.

WHOLE LIFE INSURANCE

Life insurance policy covering death, builds a cash value, pays fixed benefit for death, has a constant premium. Also known as continuous premium whole life insurance, ordinary life insurance, permanent or straight

WINNER’S CURSE

An observation that the bidder winning an item often overvalues the item bid on.

WITHOUT PREJUDICE

Law phrase. Without abandonment of claim, right, privilege and without implied admission of liability.

WORKERS’ COMPENSATION

Financial support provided to an injured worker covering income, medical costs, rehabilitation or death from a work injury.

WROUGHT IRON

Type of iron with approximately 3% slag giving it a certain grain and look. Resistant to rust, suitable for forging and rolling than casting.

WRITE OFF

Accounting. Where an asset is uncollectable and considered to be a loss.

UNICODE

Standard way to present all of the characters of all of the world’s languages.

UNIQUE USER

Single web site visitor no matter how many times they actually visit the site.

UPLINK

Link in communication from the ground to an orbiting satellite. Opposite of downlink.

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