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

Category: W

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.

WHOLE LIFE INSURANCE

Life insurance policy covering death, builds a cash value, pays fixed benefit for death, has a constant premium. Also known as continuous premium whole life insurance, ordinary life insurance, permanent or straight

WINNER’S CURSE

An observation that the bidder winning an item often overvalues the item bid on.

WITHOUT PREJUDICE

Law phrase. Without abandonment of claim, right, privilege and without implied admission of liability.

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