Tag: economics
Walrasian Market
What is 'Walrasian Market' An economic model of a market process in which orders are collected into batches of buys and sells...
Wage Push Inflation
What is 'Wage Push Inflation' Wage push inflation is a general increase in the cost of goods that is preceded by and...
Wasting Trust
What is 'Wasting Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...
Warm Calling
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
Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...
Waiver
What is a 'Waiver' A waiver is the voluntary action of a person or party that removes that person's or party's right...
War Damage Insurance Corporation
What is 'War Damage Insurance Corporation' A government financial protection arm created during World War II to provide coverage for war risks...
War Bond
DefinitionWar bonds are debt securities issued by a government to finance military operations and other expenditure in times of war. War Bond What...
Wanton Disregard
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...
Waterfall Concept
What is 'Waterfall Concept' A life insurance plan that provides a tax benefit in regards to intergenerational transfers of wealth. The concept...