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

Category: W

WARRANTY POLICY

Policy providing assurance that the company’s warranty will stay the same.

WEIGHT THRESHOLD

Cargo weight where a standard rate of freight begins to decline. Also known as weight break.

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.

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.

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.

WORK PRODUCT

Outcome needed to be produced to finish a project and meet objectives.

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