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

Category: W

WITH RIGHTS

Buying shares where the purchaser has the right o buy more shares in the next share issue.

WORKING FILE

Temporary file of data, drafts, notes etc. Used in analyzing and preparing plans, documents and projects.

WORTH

Measure of the value received, derived satisfaction of a tangible or intangible product.

WRITE DOWN

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

WALLET

Apparel used to organize cash, credit cards and other small items important for daily use.

WASHINGTON MUTUAL

One of the USA’s largest savings and loan businesses based in Seattle in Washington. Washington Bank is no longer a part after FDIC seized and sold assets to JP Morgan Chase in

WEAK DOLLAR

Relating to another countries currency needing more of yours to buy theirs.

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.

WAL-MART

World’s largest discount retailer. Started in 1962 by Samuel Walton.

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