The Law Dictionary

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

Category: W

WORK REQUEST

Authorization for mow work through client/customer negotiations.

WORKED

Having performed a task or tasks. See working.

WORKGROUP

Two or more people acting like a team to achieve a common goal, may not work in same department.

WRITE DOWN

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

WRONGFUL TRADING

Firm is allowed to continue trading when a reasonable person can see insolvency.

WAGE DETERMINATION

A US President’s government initiative that is part of the Integrated Acquisition Environment. It uses a single location to decide the wage for each federal position.

WALKTHROUGH

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

WASH SALE RULE

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

WATT HOUR

Metric energy unit equal to 3.41Btu, 3600 joules.

WEIGHT THRESHOLD

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

WET LEASE

Leasing agreement where multiple services to the lessee of the property.

WHITE GOODS

Large and heavy consumer able goods such as stoves, fridges, washing machines, etc. That were once always white.

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