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

Category: W

WORKING DAY

1. Commerce. A day that is not a legal holiday or a Sunday. 2. Law. A day other than Sunday and a gazette, statutory holiday.

WRITE

Term for the action of accepting an insurance application and insuring a risk.

WALLET

Apparel used to organize cash, credit cards and other small items important for daily use.

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

WEAK DOLLAR

Relating to another countries currency needing more of yours to buy theirs.

WELFARE

1. Resources and conditions needed for healthy and comfortable living. 2. Government support for members of society who are disadvantaged.

WHITE COLLAR CRIME

Fraud and crime committed by managerial and administrative personnel, professionals and public servants.

WITH RIGHTS

Buying shares where the purchaser has the right o buy more shares in the next share issue.

WORKING FILE

Temporary file of data, drafts, notes etc. Used in analyzing and preparing plans, documents and projects.

WORTH

Measure of the value received, derived satisfaction of a tangible or intangible product.

WRITE DOWN

Downward revision of an asset’s book value reflecting current drop in market value.

WAL-MART

World’s largest discount retailer. Started in 1962 by Samuel Walton.

WEAK MARKET

Market where buyers are greatly outnumbered by the sellers.

WELL STRUCTURED PROBLEM

Problem where desired and current state is identified clearly and reaching desired state is obvious. See ill structured problem.

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