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

Category: W

WIMAX

Wireless technology providing internet service over larger distances than Wi-Fi___33.

WITHDRAWAL PLAN

Unit trust scheme allowing monthly withdrawals of capital gains in a fixed amount.

WORK YEAR

Hours worked by a full time person each year and commonly 52 weeks at 40 hours each week.

WORKING STOCK

Part of inventory available for normal demand in a given period.

WRITE OFF

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

WALT DISNEY

The creator and the animator of the first animated films.

WASTE TREATMENT

Treating waste to remove pollutants and eliminate potential harm to people and the environment.

WEAROUT

Process of attrition causing an increased rate of failure with its age, use and consumption.

WHITELIST

List of approved bodies allowed to use or have access to a specific entity.

WI-FI

Wireless fidelity. Name for wireless LANs.

WIN WIN

Philosophy of negotiation where all parties stand to realize their share of all profits.

WORKAID

Any device that can assist a worker to learn a task and to perform it better and more efficiently.

WORKLOAD

Amount of work assigned to a resource over a period of time.

WRAP ACCOUNT

Investment brokerage account offering one fee for all services for investments larger than a set amount, usually $25,000.

WANTON MISCONDUCT

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

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