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

Category: W

WRIT OF HABEAS CORPUS

Detained person’s attorney uses this writ to force police to bring the person to court and challenge legality of detention.

WRITEOFF

Removal of BV of an obsolete or destroyed asset, uncollectable sum by reducing it to zero.

WAGE COMPRESSION

Inequities in wages arising from new employees who want more money than current employees. See wage expansion.

WAR CLAUSE

Releases the insurer from loss liabilities due to an act of war.

WATCH LIST

List of all securities a broker may consider to be the target of irregular trading activities.

WET BASIS

Formula where the weight of an article wet is divided by weight of an article dry and multiplied by 100 giving a % weight increase.

WILDCARD

Symbol or character replacing characters in search commands.

WINDSTORM

Wind that causes damages to property insured.

WRONGFUL DEATH ACTION

Civil law suit filed by the deceased survivors against the organization or person felt to be responsible.

WRITER

1. General. Bill of exchange drawer. 2. Insurance. Underwriter. 3. Options trading. Option contract seller. Also known as option seller.

WAGE CURVE

Graph comparing and illustrating unemployment rates with wage rates in the same area.

WAR RISK

Possibility of loss, damage to anything from any remains of war like hostilities.

WET LEASE

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

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