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

WRITING DOWN ALLOWANCE (WDA)

Capital allowance where costs of acquired assets in the present year as added to a written down value of assets from the previous year.

WORLD BANK

Popular name for International Bank for Reconstruction and Development. See World Bank System.

WRITE DOWN

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

ZERO DEFECTS

Level of prevention of defects where output is within limits.

ZERO INVENTORIES

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

WIRE

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

VOSTRO ACCOUNT

Account in local currency held by a coal bank for a foreign bank.

ZERO-PROOF BOOKKEEPING

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

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.

WRITTEN DATA

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

ZIPPED FILE

File of compressed data that can be expanded when received using an unzipping program.

WORKERS’ COMPENSATION

Financial support provided to an injured worker covering income, medical costs, rehabilitation or death from a work injury.

WASTEWATER

Used or spent water contain dissolved solids, discharge from homes, industries etc.

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