Water Damage Clause
What is 'Water Damage Clause' A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered...
Wall Street
What is 'Wall Street' Wall Street is a street in lower Manhattan that is the original home of the New York Stock...
Waiver Of Exemption
What is 'Waiver Of Exemption' A provision in a consumer credit contract or loan agreement that permitted creditors to seize or threaten...
Watch List
What is the 'Watchlist' 1. A list of securities being monitored closely by a brokerage or exchange in order to spot irregularities....
Wash-Out Round
What is 'Wash-Out Round' A common round of financing to owners of small companies that are not yet financially stable. When such...
War Risk Insurance
DefinitionWar risk insurance is a type of insurance which covers damage due to acts of war, including invasion, insurrection, rebellion and hijacking. Some policies...
Waiver Of Premium For Payer Benefit
Waiver Of Premium For Payer Benefit What is 'Waiver Of Premium For Payer Benefit ' A clause in an insurance policy...
Weak Sister
What is 'Weak Sister' An element that undermines the entire system. Weak sister can either refer to a single individual or a...
Watercraft Nonowned Insurance
Watercraft Nonowned Insurance What is 'Watercraft Nonowned Insurance ' A type of financial safeguard that covers marine vessels that are owned...
Waiver Of Premium For Disability
Waiver Of Premium For Disability What is 'Waiver Of Premium For Disability ' A provision in an insurance policy that states...