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

Category: W

WASH SALE RULE

Referring to an IRS regulation governing how capital loss from investments is recognized. Also called wash rule.

WAYBILL

Shipping document travelling with shipment showing consigner and consignee, origin, destination, goods involved, weight and freight.

WEIGHTED AVERAGE

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

WHILE CLAUSES

Clause that stipulates cover is suspended while things are occurring on the property.

WIDE ECONOMIC MOAT

Company’s advantage over its competition able to be exploited for profit over time.

WITH PREJUDICE

Law phrase. (1) a dismissed case cannot be tried again, (2) court order is final. See without prejudice.

WORK PRODUCT

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

WALLED GARDEN

Environment attractively designed aimed at keeping a captive comfortable and satisfied.

WASH TRADE

Different methodology to wash sale. Not legal as it deals with selling off then rebuying investments to increase trade.

WEIGHTING

Technique where some data is more emphasized than other in a summary or group.

WHISPER NUMBER

Unpublished opinion in the investment community about a firm’s possible forthcoming earnings.

WIDE MARKET

Market showing wide spread or substantial profit margins.

WILSHIRE 5000

Index that represents every listed company in the US and is the largest measure of stock market performance.

WORK REQUEST

Authorization for mow work through client/customer negotiations.

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