Odd Lotter What is 'Odd Lotter' An individual investor who buys securities, usually stocks, in odd lots. This is the opposite of someone who buys securities in round lots. Explaining 'Od

Odd Lot Theory What is 'Odd Lot Theory' A technical analysis theory/indicator based on the assumption that the small individual investor is always wrong. Therefore, if odd lot sales are up

DefinitionA random walk is a mathematical object, known as a stochastic or random process, that describes a path that consists of a succession of random steps on some mathematical space such

Waiver Of Restoration Premium What is 'Waiver Of Restoration Premium ' A clause in an insurance policy that says that the insurance company will not require the policyholder to pay a fee

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 is a procedure used during an

Weak Form Efficiency What is 'Weak Form Efficiency' Weak form efficiency is one of the three different degrees of efficient market hypothesis (EMH); it claims that past price movements and

Walk-Away Lease What is 'Walk-Away Lease' A common type of car lease in which the lessee returns the car at the end of the lease period, ending the lease agreement. The lessee bears very l

Jingle Mail What is 'Jingle Mail' A situation where a homeowner mails his or her house keys to a mortgage lender due to an inability to meet mortgage payment obligations and a lack of equi

DefinitionThe efficient-market hypothesis is a theory in financial economics that states that asset prices fully reflect all available information. A direct implication is that it is impossi