Tag: economics

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 Weak Form Efficiency In finance, weak form efficiency is the idea that prices reflect all information that is publicly available. In other words,...

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

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...

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...

A warehouse bond is a type of surety bond that guarantees payment for goods that are stored in a bonded warehouse. The bond is...

Most people only think about water damage insurance when they are in the middle of a flood or some other major water emergency. But...

DefinitionA warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are...

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