What is 'War Risk' 1. The possibility that an investment will lose value because of a major, violent political upheaval. War generates...
DefinitionA wash sale is a sale of a security at a loss and repurchase of the same or substantially identical security shortly before or...
What is 'Waterfall Concept' A life insurance plan that provides a tax benefit in regards to intergenerational transfers of wealth. The concept...
Willful or wanton disregard
Willful or wanton conduct means the actions of one party were done with a conscious and reckless disregard for another person's...
DefinitionWar bonds are debt securities issued by a government to finance military operations and other expenditure in times of war. War Bond What...
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...