Tag: economic
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...
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...
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...
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...
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...
Waterfall Concept
What is 'Waterfall Concept' A life insurance plan that provides a tax benefit in regards to intergenerational transfers of wealth. The concept...
Wash-Sale Rule
DefinitionA wash sale is a sale of a security at a loss and repurchase of the same or substantially identical security shortly before or...
War Risk
What is 'War Risk' 1. The possibility that an investment will lose value because of a major, violent political upheaval. War generates...
Water Rights
DefinitionWater right in water law refers to the right of a user to use water from a water source, e.g., a river, stream, pond...