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

WHERE IS AS IS

Sale offer quote for large equipment opt large lots that the buyer will need to transport.

WHILE CLAUSES

Clause that stipulates cover is suspended while things are occurring on the property.

WHISPER NUMBER

Unpublished opinion in the investment community about a firm’s possible forthcoming earnings.

WHITE COLLAR CRIME

Fraud and crime committed by managerial and administrative personnel, professionals and public servants.

WHITELIST

List of approved bodies allowed to use or have access to a specific entity.

WHOIS

(1) Directory service of Interknit listing names, addresses of people owning and maintaining web sites. (2) Online directory listing logged on network users and people with responsibility for maintenance and management.

WHOLE LIFE INSURANCE

Life insurance policy covering death, builds a cash value, pays fixed benefit for death, has a constant premium. Also known as continuous premium whole life insurance, ordinary life insurance, permanent or straight

WHOLESALE BANKING

1. Banking services offered to government agencies, pension funds and corporations with sound income statements and strong balance sheets only. 2. Lending and borrowing between banks.

WHOLESALER

Person or company purchasing large amounts of stock from several producers and then reselling to retailers.

WICKETS

Check points that all process steps must pass through.

WIDE ECONOMIC MOAT

Company’s advantage over its competition able to be exploited for profit over time.

WIDE MARKET

Market showing wide spread or substantial profit margins.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.