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

WAREHOUSE RETAILING

Mass detailing of goods by a store offering little customer service but low prices.

WARM SITE

Disaster management term for an alternate business recovery site only partially equipped for business.

WARNING

Notice, admonition pointing out a danger to one unaware of any.

WARRANTY POLICY

Policy providing assurance that the company’s warranty will stay the same.

WARSAW CONVENTION

Agreement of international civil aviation establishing the frame work for carrying cargo, luggage and passengers. Now overseen by International Civil Aviation Organization, ICAO.

WASH SALE RULE

Referring to an IRS regulation governing how capital loss from investments is recognized. Also called wash rule.

WASH TRADE

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

WASHINGTON MUTUAL

One of the USA’s largest savings and loan businesses based in Seattle in Washington. Washington Bank is no longer a part after FDIC seized and sold assets to JP Morgan Chase in

WASTE TREATMENT

Treating waste to remove pollutants and eliminate potential harm to people and the environment.

WASTEWATER

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

WATCH LIST

List of all securities a broker may consider to be the target of irregular trading activities.

WATERFALL PAYMENT

Loan repayment established by a debtor organization organizing payment sin levels of size and loan expense.

WATERSHED

Area above a water body that collects and adds to body of water.

WATT (W)

Metric unit of power equal to 1/746 of horsepower or one joule per second.

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