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

VULTURE CAPITALIST

Derogatory term for an investor whose hidden agenda is to cease control of the firm invested in. See angel investor.

W. EDWARDS DEMING

Statistician credit with helping the economy of China to recover after WWII.

WAGE COMPRESSION

Inequities in wages arising from new employees who want more money than current employees. See wage expansion.

WAGE CURVE

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

WAGE RATE

Pay rate based on units produced or time of working.

WAITING PERIOD

Period of time between filing a statement of registration and its effective date.

WAITING TIME

Period in a job where an employee is unable to work because of factors he has no control over.. Also known as allowed time, idle time, downtime.

WALK

Hotel industry. Taking an arriving guest to another hotel as reserved accommodation is unavailable for a reason.

WALK IN

Term for a hotel guest arriving without a reservation.

WALK UP

A 2 to 4 floor building that has no elevator.

WALKTHROUGH

Step-by-step test of all aspects of a plan, process, environment to verify readiness for operation.

WALL TO WALL

Covering a room’s floor or stretching across the room.

WALLED GARDEN

Environment attractively designed aimed at keeping a captive comfortable and satisfied.

WALLET

Apparel used to organize cash, credit cards and other small items important for daily use.

WAL-MART

World’s largest discount retailer. Started in 1962 by Samuel Walton.

WALT DISNEY

The creator and the animator of the first animated films.

WANTON MISCONDUCT

Reckless disregard for others safety and rights and knowing harm or injury may result.

WAR CLAUSE

Releases the insurer from loss liabilities due to an act of war.

WAR RISK

Possibility of loss, damage to anything from any remains of war like hostilities.

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