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warehouse bond

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...
water damage insurance

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...

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...

Watercraft Nonowned Insurance

Watercraft Nonowned Insurance What is 'Watercraft Nonowned Insurance ' A type of financial safeguard that covers marine vessels that are owned...

Weak Sister

What is 'Weak Sister' An element that undermines the entire system. Weak sister can either refer to a single individual or a...

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...

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...

War Exclusion Clause

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

Wage Expense

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...

Watered Stock

DefinitionWatered stock is an asset with an artificially-inflated value. The term is most commonly used to refer to a form of securities fraud common...

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