Tag: business

What is 'Waiver Of Exemption' A provision in a consumer credit contract or loan agreement that permitted creditors to seize or threaten...

What is 'Wall Street' Wall Street is a street in lower Manhattan that is the original home of the New York Stock...

What is 'War Exclusion Clause' A clause in an insurance policy that specifically excludes coverage for acts of war such as invasion,...

What is 'Wage Expense' In financial accounting, wage expense represents payments made to non-manufacturing employees, regardless of whether they are hourly or salaried. Depending on...

What is 'War Babies' A name given to securities in companies that are defense contractors. These securities are called war babies because...

What is 'Wasting Asset' An item that irreversibly declines in value, as a function of time. Wasting assets include vehicles, machinery and...

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 Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...

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 a 'Waiver' A waiver is the voluntary action of a person or party that removes that person's or party's right...