What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights of its own insurance carrier and usually pays an additional premium for a special policy...
What is 'Warning Bulletin' A listing compiled on a weekly basis of credit cards that have been canceled, are past due or have been reported stolen credit card. Explaining 'Warning Bulletin' The warning bulletin...
What is 'Warehouse Lending'
Warehouse lending is a line of credit given to a loan originator to pay for a mortgage the borrower used to purchase property. The life of the loan generally extends from its origination to the time...
What is 'Walk-Away Lease' A common type of car lease in which the lessee returns the car at the end of the lease period, ending the lease agreement. The lessee bears very little risk under this type...
What is a warranty and what does it cover
A warranty is a guarantee or promise made by a seller about the quality of their product. This can be either explicit or implied. For example, when you buy a new...
When to Use a Waiver of Notice
When does a meeting require formal notice? Normally, anyone with an interest must be formally notified, either in writing or by courier. However, in cases where a meeting is necessary at the last...
What is 'Wallpaper' The name given to stocks, bonds and other securities that have become worthless. Explaining 'Wallpaper' The securities may have lost all monetary value because of bankruptcy or for other reasons. This...
DefinitionWealth management is an investment-advisory discipline which incorporates financial planning, investment portfolio management and a number of aggregated financial services. High-net-worth individuals, small-business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth...
What is 'Wealth Added Index - WAI' A metric designed by Stern Stewart & Co consulting firm that attempts to measure wealth created (or destroyed) for shareholders by a company. The WAI takes into account more variables...
DefinitionWorking capital is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entities. Along with working capital is considered a part of operating capital. Gross working capital is equal to current...