Waiver Of Premium For Payer Benefit What is 'Waiver Of Premium For Payer Benefit ' A clause in an insurance policy that says that the insurance company will not require the insured to pay a fee...
What is 'Weak Sister' An element that undermines the entire system. Weak sister can either refer to a single individual or a specialized group considered to be the weak link in an integrated process. Explaining...
Watercraft Nonowned Insurance What is 'Watercraft Nonowned Insurance ' A type of financial safeguard that covers marine vessels that are owned by someone other than the policyholder while they are being operated by the policyholder. Watercraft...
Waiver Of Premium For Disability What is 'Waiver Of Premium For Disability ' A provision in an insurance policy that states that the insurance company will not require the insured to pay the usual recurring fee...
DefinitionA warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns or villages....
Most people only think about water damage insurance when they are in the middle of a flood or some other major water emergency. But the truth is, water damage can happen to anyone at any time, and it’s important...
A warehouse bond is a type of surety bond that guarantees payment for goods that are stored in a bonded warehouse. The bond is usually required by the government or Customs authorities and it protects the interests of both...
DefinitionA walk-through test is a procedure under financial audit performed by auditors. Walk-Through Test What is a 'Walk-Through Test' A walk-through test is a procedure used during an audit of an entity's accounting system to gauge its...
What is Wash Trading
Wash trading is the illegal practice of buying and selling assets in order to artificially inflate the price. This is often done in order to create the appearance of high demand in the market, which can...
What is 'War Babies' A name given to securities in companies that are defense contractors. These securities are called war babies because they are viewed as securities of firms that produce the majority of their revenues from...