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

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.

WISCONSIN LIFE FUND

Insurance plan sponsored by the state of Wisconsin providing cover for those requesting it..

WITH DIVIDEND

Buying shares where the purchaser can expect a dividend. See with rights.

WITH PARTIAL RECOURSE

Legal term. Seller has the responsibility to reimburse the buyer an agreed upon part of the overall loss from the non-performing asset.

WITH PARTICULAR AVERAGE

Marine insurance. Where insured cargo is covered for partial damage from sea water or loss from breakages, theft etc.

WITH PREJUDICE

Law phrase. (1) a dismissed case cannot be tried again, (2) court order is final. See without prejudice.

WITH RIGHTS

Buying shares where the purchaser has the right o buy more shares in the next share issue.

WITHDRAWAL PLAN

Unit trust scheme allowing monthly withdrawals of capital gains in a fixed amount.

WITHOUT PREJUDICE

Law phrase. Without abandonment of claim, right, privilege and without implied admission of liability.

WITHOUT RESERVE

Situation where an agent can make decisions without seeking the principal’s approval.

WITNESS

1. Person who sees a document signed. 2. Person called to court to testify and give evidence.

WITNESS TAMPERING

Obstructing justice by harassment, intimidation of the witness before and after testimony.

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