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

WORKSHOP

1. Shop floor where physical work is carried out. 2. Seminar opt training class given to solve tasks related to work to gain hands-on experience.

ZERO INVENTORIES

Stage of ‘just in time inventory control’ where any waste is removed and only on hand and required inventory is available.

ZERO LATENCY

Information technology. No time lag between information exchange to interfaces or the instant response to input.

YELLOW KNIGHT

Corporation with plans to takeover a company in hostile manner.

X OR XD

Used in the financial press to indicate stock trading with no dividend,; bond trading with no interest; mutual fund paid recently a dividend or capital gain.

WORKSHEET

Informal sheet where the accountant can record information to adjust balances and substantiate opinion with regard to transactions and balances.

WYSIWYG

“What you see is what you get”. Display showing what a document will look when it has been printed.

WRAP ACCOUNT

Investment brokerage account offering one fee for all services for investments larger than a set amount, usually $25,000.

ZERO DEFECTS

Level of prevention of defects where output is within limits.

WRITE

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

WRITTEN DATA

Data that is given in writing, if not it is not considered for a bid, quote or proposal.

ZERO-PROOF BOOKKEEPING

Used in small businesses and by individuals. Method of bookkeeping with a zero balance at end of the accounting period.

ZOMBIE DEBT

Term describing old debts bought to life by actions of collecting it.

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