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

Category: W

WEIGHTING

Technique where some data is more emphasized than other in a summary or group.

WHISPER NUMBER

Unpublished opinion in the investment community about a firm’s possible forthcoming earnings.

WIDE MARKET

Market showing wide spread or substantial profit margins.

WILSHIRE 5000

Index that represents every listed company in the US and is the largest measure of stock market performance.

WORK REQUEST

Authorization for mow work through client/customer negotiations.

WORKING DAY

1. Commerce. A day that is not a legal holiday or a Sunday. 2. Law. A day other than Sunday and a gazette, statutory holiday.

WRITE

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

WATERED STOCK

Stock of a company whose assets are overvalued. The price does not accurately represent the companies position.

WITHOUT

When only a oneway quote is available for a security.

WEAK HANDS

A holder of a derivative contract that plans to close out before maturity. Retail investors are commonly weak hands. Refer to strong hands.

WORKING CAPITAL

The shortterm operating resources of a company. Refer to loan, gross working and net working capital.

WEATHER BOND

When weather risks cause securitization. These risks can be temperature or percipitation. This is not the result of a catastrophe. Repayment stops when loss causing weather damages crops. Refer to catastrophe bond,

WEINER PROCESS

The process of comparing value to variable changes in the market. Part of the markov process. It is used in pricing options.

WET BARRELS

Physical barrels delivered rather than financially settled. It is used in refining and supply trades.

WHENISSUED (WI) SECURITY

A security announced but not priced. It is informal but legally binding. When settled it trades like any seasoned security. Refer to to be announced and when issued treasury.

WHENISSUED TREASURY (WIT)

Treasury bills that are announced but not yet priced. Upon settling they will sell as any treasury bill would. Refer to to be announced and when issued security.

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