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

WATERSHED

Area above a water body that collects and adds to body of water.

WHISPER NUMBER

Unpublished opinion in the investment community about a firm’s possible forthcoming earnings.

WETTING AGENT

Material lowering a fluids surface tension so it can clean or get into another substance.

WETTING

Act of a fluid spreading over a solid surface or other fluid, penetrating a porous surface and loosening trapped grime.

WHERE IS AS IS

Sale offer quote for large equipment opt large lots that the buyer will need to transport.

WAREHOUSE RETAILING

Mass detailing of goods by a store offering little customer service but low prices.

WEB DESIGN

Describes all of the tasks needed to create an HTML driven web page to be displayed on the WWW.

WAVE LENGTH

Distance between successive and similar wave or trough points

WHARF

Area providing protection for a berthing space for sea going vessels. See jetty and quay.

WET LEASE

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

WET LOAN

Mortgage arrangement where settlement occurs simultaneously with document signing.

WHOLESALE BANKING

1. Banking services offered to government agencies, pension funds and corporations with sound income statements and strong balance sheets only. 2. Lending and borrowing between banks.

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.

WEATHER

Hour by hour and day by day variations in conditions of atmosphere.

WESTERN UNION

Financial services corporation specializing in money transfer. Based in US but used around the world. In business since 1851.

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