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

Category: W

WHARF

Area providing protection for a berthing space for sea going vessels. See jetty and quay.

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.

WORK LETTER

Statement from landlord to tenant defang items included in the property when rented.

WRITING DOWN ALLOWANCE (WDA)

Capital allowance where costs of acquired assets in the present year as added to a written down value of assets from the previous year.

WALKTHROUGH

Step-by-step test of all aspects of a plan, process, environment to verify readiness for operation.

WARSAW CONVENTION

Agreement of international civil aviation establishing the frame work for carrying cargo, luggage and passengers. Now overseen by International Civil Aviation Organization, ICAO.

WAVE LENGTH

Distance between successive and similar wave or trough points

WEIGHT TON

3 types of tons are used in shipping. 1. Long ton-2240 ponds, 2. Short ton-2000 pounds and 3. Metric ton-2204.68 pounds or 1000 kg.

WHERE IS AS IS

Sale offer quote for large equipment opt large lots that the buyer will need to transport.

WILLIE SUTTON RULE

Should focus on high yield activities and not waste time focusing on lower yield ones.

WITH PARTICULAR AVERAGE

Marine insurance. Where insured cargo is covered for partial damage from sea water or loss from breakages, theft etc.

WORKING

1. Actively engaged in inactivity in exchange for money. 2. Temporary status noting something is in transition. 3. State of being.

WORLD WIDE WEB (WWW)

The collected group of internet resources, audio, video, hyperlinked text that is accessed by remote browsers that are based on standards like HTTP, TCP/IP.

WALL TO WALL

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

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