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

Category: W

WEAK MARKET

Market where buyers are greatly outnumbered by the sellers.

WELL STRUCTURED PROBLEM

Problem where desired and current state is identified clearly and reaching desired state is obvious. See ill structured problem.

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.

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.

WHIPSAW

When security price falls causing a stop loss order. The price will rebound. Or a raise in price that trigger purchases lowering stock price.

WHISPER NUMBERS

Releasing corporate earnings before a full public announcement. The US limits this by prohibiting selective disclosure.

WHISPER STOCK

Stock of a target company of hostile takeover. Price and volume will be erratic due to the rumor.

WHISTLEBLOWER

An employee who turns against their superiors to bring an problem out in the open.

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