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

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.

ZERO LATENCY

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

WORKING FILE

Temporary file of data, drafts, notes etc. Used in analyzing and preparing plans, documents and projects.

WRIT OF HABEAS CORPUS

Detained person’s attorney uses this writ to force police to bring the person to court and challenge legality of detention.

WRITE

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

WORKING DAY

1. Commerce. A day that is not a legal holiday or a Sunday. 2. Law. A day other than Sunday and a gazette, statutory holiday.

WASH TRADE

Different methodology to wash sale. Not legal as it deals with selling off then rebuying investments to increase trade.

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.

WESTERN UNION

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

YELLOW KNIGHT

Corporation with plans to takeover a company in hostile manner.

WETTING AGENT

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

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