Tag: economics

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 '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...

Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...

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

What is 'War Damage Insurance Corporation' A government financial protection arm created during World War II to provide coverage for war risks...

DefinitionWar bonds are debt securities issued by a government to finance military operations and other expenditure in times of war. War Bond What...

Willful or wanton disregard Willful or wanton conduct means the actions of one party were done with a conscious and reckless disregard for another person's...

What is 'Waterfall Concept' A life insurance plan that provides a tax benefit in regards to intergenerational transfers of wealth. The concept...

What is 'War Risk' 1. The possibility that an investment will lose value because of a major, violent political upheaval. War generates...