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

WILDCAT STRIKE

Unannounced or illegal industrial action where employees have not followed procedure.

WILL COST

Price of contracts based on doing a job in a set period of time. Based on historical data that may have been an inefficient use of time so analysis is needed.

WILLFUL DEFAULT

Intentional failure by contract parties to do what has been ordered to be done.

WILLIE SUTTON RULE

Should focus on high yield activities and not waste time focusing on lower yield ones.

WILSHIRE 5000

Index that represents every listed company in the US and is the largest measure of stock market performance.

WIMAX

Wireless technology providing internet service over larger distances than Wi-Fi___33.

WIN WIN

Philosophy of negotiation where all parties stand to realize their share of all profits.

WINDSTORM

Wind that causes damages to property insured.

WINNER’S CURSE

An observation that the bidder winning an item often overvalues the item bid on.

WINSORIZED MEAN

Measurement to estimate the mean with a lower dependence on outlying values.

WIRE

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

WIRELESS LAN (WLAN)

Local area network where all or some devices are connected by microwave radio signals or infra red line beams and not wires and cables.

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