What is 'War Damage Insurance Corporation' A government financial protection arm created during World War II to provide coverage for war risks...
What is a 'Waiver' A waiver is the voluntary action of a person or party that removes that person's or party's right...
Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...
What is 'Warm Calling'
The solicitation of a potential customer with whom a sales representative or business has had prior contact. Warm calling refers to...
What is 'Wasting Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...
What is 'Walrasian Market' An economic model of a market process in which orders are collected into batches of buys and sells...
What is water pollution liability
Water pollution liability is the legal responsibility for damages caused by the contamination of bodies of water. This can include...
What is 'Wasting Asset' An item that irreversibly declines in value, as a function of time. Wasting assets include vehicles, machinery and...
What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights...
What is 'Warning Bulletin' A listing compiled on a weekly basis of credit cards that have been canceled, are past due or...