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

WHILE CLAUSES

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

WILSHIRE 5000

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

WINNER’S CURSE

An observation that the bidder winning an item often overvalues the item bid on.

WETLAND

Low lying area with permanent or intermittent water. Important for water birds and animals.

WETTABILITY

Surface’s property to allow a liquid to get through dust on top of it and stick to the substrate. See wetting and wetting ability.

WITH DIVIDEND

Buying shares where the purchaser can expect a dividend. See with rights.

WIRE

Strip of metal that is smaller than 3/16th inches in diameter.

WILDCAT STRIKE

Unannounced or illegal industrial action where employees have not followed procedure.

WAGE CURVE

Graph comparing and illustrating unemployment rates with wage rates in the same area.

WINDSTORM

Wind that causes damages to property insured.

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.

WINSORIZED MEAN

Measurement to estimate the mean with a lower dependence on outlying values.

WIMAX

Wireless technology providing internet service over larger distances than Wi-Fi___33.

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