Tag: economics

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...

Warehouse-To-Warehouse Clause What is 'Warehouse-To-Warehouse Clause ' A clause in an insurance policy that provides for coverage of cargo in transit....

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...

What is 'Warrant Premium' The amount that an investor must pay above the current market price for a security, when purchasing and...