The Law Dictionary

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

Category: W

WRITEOFF

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

WYSIWYG

“What you see is what you get”. Display showing what a document will look when it has been printed.

WAGE FREEZE

Government’s attempt to slow a push for wages by keeping wages stable with a law.

WALL TO WALL

Covering a room’s floor or stretching across the room.

WAREHOUSE-KEEPER’S LIEN

Lien giving a warehouse keeper rights to retain goods until rent or charges are paid. Also known as warehouseman’s lien.

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

WATCH LIST

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

WEB DESIGN

Describes all of the tasks needed to create an HTML driven web page to be displayed on the WWW.

WEIGHTED AVERAGE

Mean where each item averaged is multiplied by a number based on its importance relative to others. Also known as weighted mean.

WETLAND

Low lying area with permanent or intermittent water. Important for water birds and animals.

WHITE PAPER

1. Prelude to the final document on policy. 2. Marketing tool on information of underlying technology and how a customer can benefit.

WIDE MARKET

Market showing wide spread or substantial profit margins.

WITH PARTIAL RECOURSE

Legal term. Seller has the responsibility to reimburse the buyer an agreed upon part of the overall loss from the non-performing asset.

WORD BY WORD

Method of alphabetizing entries by the sequence of words and not letter. So linear function, then linear market and not linearity.

WORK CYCLE

Movements repeated with little change to complete a job each time it is performed.

WORK SAMPLE TEST

Technique to test a prospective employee and assess his ability to learn new tasks to fulfill job commitments.

WORKER EFFICIENCY

Time it takes a worker to finish a job in comparison time allowed for the job.

WORKING ASSET

Current asset that flows in and out continually during business cycles. Also known as circulating or floating asset.

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