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 that says that the insurance company will not require the insured to pay a fee to maintain the policy under certain conditions. Most commonly, these conditions are the death or disability of the person paying...
Weak Sister
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 'Weak Sister' Usually referring to an undependable member of a group environment, the weak sister can also be a...
Watercraft Nonowned Insurance
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 nonowned insurance is a type of property and casualty insurance, meaning that it covers physical property belonging to a person...
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 that the insurance company will not require the insured to pay the usual recurring fee to maintain the health insurance policy if the person responsible for paying the premiums is seriously injured. Insurance companies can...
Warehousing
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. Warehousing What is 'Warehousing' Warehousing is a procedure whereby a company gradually builds up a holding of shares...
Water Damage Insurance
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 to have insurance in case that happens. In this article, we will explore what water damage insurance is, how it...
Warehouse Bond
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 the importer and the customs agency. There are several reasons why you might need a warehouse bond, and the cost...
Walk-Through Test
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 reliability. Walk-though tests trace the transaction step-by-step through the accounting system from its inception to the final disposition. ...
Wash Trading
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 attract more investors and help to increase the price even further. Wash trading can be difficult to detect, as it...
War Babies
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 war-time circumstances, including firms that operate in security and defense sectors. Also known as "defense stocks." Explaining...