Whole Loan: Distinguishing an Investment in Original Residential Mortgage Loans
An in-depth exploration of Whole Loans in the secondary mortgage market, their characteristics, types, historical context, applicability, and comparisons to pass-through securities.
Wholesaler: A Key Middleman in Distribution Channels
A comprehensive guide to understanding the role of wholesalers in supply chains, their functions, types, historical context, and relevance in today's market.
Wi-Fi: Wireless Fidelity
Wi-Fi, short for Wireless Fidelity, is a set of product compatibility standards for wireless local area networks (WLANs). It allows Wi-Fi-enabled devices to connect to the network and the Internet within a certain range.
Wide Area Network (WAN): Networking Beyond Boundaries
A Wide Area Network (WAN) links an organization's computer workstations over a large geographic area using telecommunications to share files and information.
Wide Area Telephone Service (WATS): A Historical Telecom Service
Wide Area Telephone Service (WATS) enabled businesses to access long-distance telephone lines at reduced rates. This article explores its usage, benefits, and historical context.
Widget: Symbolic Gadget
A Widget is a hypothetical product used in various contexts to illustrate manufacturing or selling concepts.
Widow-and-Orphan Stock: High Dividends and Safety
Widow-and-Orphan Stock refers to a type of stock that pays high dividends and is considered very safe. Typically, these stocks have a low beta coefficient and are involved in non-cyclical businesses.
WikiLeaks: Controversial International Nonprofit Organization
WikiLeaks is an international nonprofit organization known for publishing private, secret, and classified media sourced from anonymous leaks, whistleblowers, and government sources.
Wikipedia: The Global Collaborative Information Repository
Wikipedia is a free, collaboratively edited online encyclopedia that maintains a store of cataloged information on a wide range of subjects and allows users to contribute to that information base.
Wildcat Drilling: Exploring for Oil or Gas in Unproven Areas
Wildcat Drilling involves the exploration of oil or natural gas in unproven, often remote areas, posing high risks but potentially yielding substantial rewards.
Wildcat Strike: Unannounced Work Stoppages
Wildcat strikes are sudden and unannounced work stoppages while a labor contract is still in effect. They are not authorized by union management and are illegal. These strikes usually result from disputes regarding wages and working conditions.
Will: Legal Document for Posthumous Estate Distribution
A Will is a legal document that provides specific instructions on the disposition of an individual's estate and designates an executor to manage the process. Without a will, state laws will determine the distribution of property.
Wilshire 5000: Broadest Barometer of American Stock Performance
The Wilshire 5000 is a stock index comprising 5,000 common stocks, representing the most comprehensive barometer of American stock market performance.
Windfall Profit: Unexpected Financial Gains
A comprehensive overview of windfall profit, describing its nature, causes, examples, implications, and related terms.
Winding Up: The Process of Liquidating a Corporation
Winding up is a comprehensive process involving the liquidation of a corporation, including asset collection, expense payment, creditor claims satisfaction, and distribution of net assets to shareholders. Learn about the steps, legal considerations, and comparison with liquidation.
Window: Definitions and Applications
Window: Limited time during which an opportunity should be seized, or it will be lost. It can refer to various contexts from finance to technology, such as the discount window of a Federal Reserve Bank, the cashier department of a brokerage firm, and portions of a computer display screen.
Wipeout: Complete Elimination or Removal
An in-depth examination of the term 'wipeout,' focusing on its application in technology and beyond.
Wire House: National or International Brokerage Firm
A Wire House is a brokerage firm with a network of branch offices linked by an advanced communications system that allows rapid dissemination of financial market information.
Wireless Communication: Transfer of Electromagnetic Signals Without Cables
An in-depth exploration of wireless communication, focusing on the transfer of electromagnetic signals via infrared light or radio waves, including practical applications, historical context, and related terms.
Wireless Network: Wireless LAN Local Area Network (LAN)
A comprehensive guide to Wireless Networks, focusing on Wireless LAN (Local Area Network) where computers communicate via radio waves rather than cables.
Withdrawal: Removal of Money or Assets
A comprehensive overview on the act of withdrawal, including its types, processes, historical context, and relevant examples
Withholding: Employee Wage Deductions
A comprehensive guide to understanding withholding, the portion of an employee's wages retained by the employer to cover taxes, insurance, pension plans, and other deductions.
Withholding Tax: An Overview
A comprehensive explanation of Withholding Tax, its mechanisms, purposes, history, and relevance in modern taxation systems.
Without Recourse: Understanding Nonrecourse Transactions
Without Recourse: A term used in factoring receivables or endorsing a note to signify that the holder is not to seek repayment from the debtor personally in case of nonpayment, only from the collateral.
Word: A Popular Word Processing Application
Microsoft Word is a widely-used word processing application, available both individually and as part of the Microsoft Office suite.
Word Processing: Computer-Aided Document Preparation
Word Processing using a computer entails preparing letters, manuscripts, or other documents. Word processing software streamlines revisions, enabling easy updates and printing of final documents without retyping the entire content.
Word Processing Center: Central Hub for Document Creation and Management
A Word Processing Center serves as the headquarters for a company's document processing activities. It facilitates the creation, editing, and management of textual documents for various onsite and offsite stations.
Word Wrap: Automatic Line Transition in Word Processing
Word Wrap is a feature in word processing programs that enables automatic line transition when the end of a line is reached, enhancing typing efficiency by eliminating the need for manual return key input.
WordPerfect: Comprehensive Word Processing Program
WordPerfect is a comprehensive word processing program developed and produced by Corel Corporation, widely renowned for its robustness and advanced features in document creation and editing.
Words Per Minute (WPM): Measure of Typing Speed
WPM, or Words Per Minute, is a crucial metric for determining the speed at which a person can type or a machine can print. This measure is essential for various applications, including data entry, transcription, and evaluating typing skills.
Work Experience: Gains from Employment
Experience gained while employed in a particular occupation. Work experience is valuable in building a successful career and fosters the ability to assume greater responsibilities.
Work Force: Definition and Overview
Comprehensive understanding of the work force, often referred to as the labor force, including its components, historical context, and related economic concepts.
Work in Process: Ongoing Tasks and Activities
Comprehensive overview of work in process, its significance in various industries, historical context, examples, related terms, and frequently asked questions.
Work Opportunity Tax Credit (WOTC): Incentives for Employers
A tax credit available to employers for wages paid to employees hired from certain targeted groups representing hard-to-employ individuals. The credit incentivizes businesses to hire and retain qualified individuals.
Work Order: Detailed Overview
An in-depth exploration of Work Orders, including their purpose, types, and importance in organizational operations.
Work Permit: Provisional Employment Authorization
A work permit is a provisional status given by the government to non-citizens, allowing them to work legally in the country for a specified period.
Work Sharing: Collaborative Employment Strategy
A comprehensive overview of Work Sharing, a collaborative employment strategy aimed at distributing work among employees to prevent layoffs and maintain productivity.
Work Station: Designated Area for Performinig Responsibilities
A detailed explanation of work stations, their types, special considerations, examples, historical context, and applicability in modern workplace settings.
Work Stoppage: An Interruption of Work by Employees
An in-depth look at work stoppages, interruptions of work by employees aimed at improving working conditions, often unexpected and unannounced. Related concepts include strike, walkout, and wildcat strike.
Worker Buyout: Employee Incentive for Workforce Reduction
A comprehensive examination of Worker Buyout, a process of reducing staff by offering financial incentives to employees, including its benefits, historical context, and impact on employee morale.
Workers' Compensation Income: Overview and Insights
An in-depth look at Workers' Compensation Income, its significance, and related aspects. Understand what it is, how it works, and its relationship with disability benefits.
Workers' Compensation, Coverage B: Extended Coverage Beyond Statutory Claims
Workers' Compensation, Coverage B provides coverage for situations not covered under workers' compensation laws in which an employee could sue for injuries suffered under common-law liability.
Working Capital: An Overview
Comprehensive guide on Working Capital, its components, significance, and its role in business operations.
Working Interest: Customary Interest in Oil Business
Comprehensive Overview of Working Interest in the Oil and Gas Industry, Covering Development and Operational Responsibilities, Historical Context, Examples, and Related Terms.
Working Papers Certificate of Age: Regulatory Requirement for Minors
A comprehensive overview of Working Papers Certificate of Age, the documentation that demonstrates a minor's eligibility for specific occupations by confirming they are older than the minimum child-labor age limit.
Working Poor: Economically Disadvantaged Despite Full Employment
An in-depth examination of the working poor, individuals who are economically disadvantaged despite being fully employed, exploring causes, implications, and potential solutions.
Workload: Measure of Work Performed
A comprehensive overview of workload, its quantitative and qualitative dimensions, measurement methods, implications, and relevant concepts.
Workout: Mutual Effort by a Property Owner and Lender to Avoid Foreclosure or Bankruptcy
A comprehensive guide to understanding workouts, a mutual effort by property owners and lenders to avoid foreclosure or bankruptcy following a default, including reductions in debt service burden and considerations during economic downturns.
Worksheet: Intermediate Calculations and Drafts
A worksheet is paper used for intermediate calculations, writing thoughts, and other tentative work; not included in a final report.
Workweek: Normal Number of Days and Hours in an Organization's Weekly Work Schedule
An in-depth exploration of the normal number of days and hours in an organization's weekly work schedule, various configurations, historical context, and practical considerations.
World Trade Organization (WTO): Global Trade Facilitator
The World Trade Organization (WTO) is a global international organization headquartered in Geneva, Switzerland, aimed at facilitating and expediting trade between nations by establishing rules, resolving disputes, and negotiating trade agreements.
World Wide Web (WWW): A Distributed Hypertext System
The World Wide Web (WWW), invented by Tim Berners-Lee, is a distributed hypertext system that has become one of the most popular services offered on the Internet. This entry explores its history, structure, types, significance, and global impact.
WORM: Write Once, Read Many & Malware
Comprehensive definition of WORM as applied to computer storage media and malware, including usage examples, historical context, related terms, and FAQs.
Worth: Understanding Inherent Value
In-depth exploration of Worth, covering its definition, measurement, relevant programs such as Comparable Worth, and its economic implications.
Worthless Securities: Understanding Their Implications
Worthless Securities are investments that have lost all value, resulting in potential capital losses for the owners. This article covers the definition, implications, examples, historical context, and related terms.
Wraparound Mortgage: An Innovative Loan Arrangement
A comprehensive overview of wraparound mortgages, where an existing loan is retained by the seller, and an additional, larger loan is made. Seller becomes the lender and manages both loans.
Writ: A Legal Order Compelling Action
A comprehensive definition of a writ, including its types, historical context, applicability, examples, related terms, FAQs, and references.
Writ of Error: Procedural Method for Appeals
An examination of the writ of error as a procedural method by which appeals in civil matters are reviewed by an appellate court for potential reversal.
Write-Protect: Data Protection Mechanism
Write-Protect is a feature that places a signal to the computer not to write any data on a storage device, ensuring valuable data can be read but not accidentally overwritten.
Writer: Seller of Option Contracts and Insurance Underwriter
A comprehensive exploration of the term 'Writer', which refers to individuals or entities involved in the selling of options contracts or the underwriting of insurance policies.
Writing Naked: Strategy Used by an Option Seller
Detailed insight into the 'Writing Naked' strategy used by options sellers who do not own the underlying security. Includes definitions, implications, examples, and comparisons.
Written-Down Value: Definition and Explanation
An in-depth exploration of the written-down value (book value) of an asset after depreciation or other forms of amortization.
WRT: With Regard To, With Respect To
A comprehensive guide to the abbreviation WRT, which stands for 'With Regard To' and 'With Respect To'. Explanation, usage, examples, and related terms.
WT: Abbreviation for Warrant
An in-depth look at the abbreviation 'WT' commonly used in finance to refer to warrants, including definitions, types, historical context, and related terms such as subscription rights.
X or XD Symbol: Stock and Bond Indicators
An explanation of the X or XD symbols used in newspapers to signify when a stock is trading ex-dividend or when a bond is trading without accrued interest.
Y.K. (Yugen-Kaisha): Japanese Designation for a Corporation
Y.K. or Yugen-Kaisha is a specific form of business entity in Japan, distinct in its structure and regulation. This detailed entry explains its characteristics, historical context, applicability, and comparisons with similar entities.
Yahoo: Popular Search Engine and Internet Services Provider
Yahoo is a widely recognized search engine for the World Wide Web that offers various Internet services, including email, news, and more.
Yankee Bond Market: Dollar-Denominated Bonds Issued in the United States by Foreign Entities
The Yankee Bond Market involves dollar-denominated bonds issued by foreign banks and corporations in the United States, often due to favorable market conditions compared to the Eurodollar Bond Market or domestic markets overseas.
Yard: Enclosed Area or Measurement Unit
A comprehensive definition and explanation of the term 'Yard,' covering its uses both as an enclosed area for storage or repair and as a unit of measurement.
Year: Calendar and Fiscal Tax Year
An in-depth explanation of the concept of 'Year' in the context of Calendar and Fiscal Tax Year, including definitions, examples, and special considerations.
Year-End: Closing the Books at the End of an Accounting Period
The end of an accounting period where financial statements are prepared and books are closed, often pertaining to either a calendar year or a fiscal year.
Year-End Dividend: Comprehensive Guide
An in-depth look at year-end dividends, their types, implications, and how they fit into corporate finance and shareholder strategies.
Year-to-Date (YTD): Accumulation of Accounts from the Start of the Fiscal Year
The concept of Year-to-Date (YTD) covers the aggregation of accounts including sales, purchases, and profits from the beginning of the fiscal year to the most recent available period.
Yield Curve: Graph Showing the Term Structure of Interest Rates
A comprehensive explanation of the Yield Curve, which illustrates the relationship between interest rates and the maturities of bonds. It includes types, special considerations, examples, historical context, and its applicability in finance.
Yield Equivalence: Definition and Calculation
The Yield Equivalence rate of interest at which a tax-exempt bond and a taxable security of similar quality provide the same after-tax return.
Yield to Call: Yield on a Bond Assuming Redemption at First Call Date
A comprehensive guide on Yield to Call, which calculates the yield on a bond assuming it is redeemed by the issuer at the first call date specified in the indenture agreement. Learn about its importance, calculations, types, examples, and related terminology.
Yield to Maturity (YTM): A Comprehensive Guide
Yield to Maturity (YTM) calculation of yield on a bond, from the current date until it is scheduled to be retired, taking into account capital gain or loss.
Yo-Yo Stock: A Volatile Asset
Yo-Yo Stock: An overview of highly volatile stocks that exhibit rapid fluctuations in price, similar to the motion of a yo-yo.
YouTube: Popular Video-Sharing Platform
YouTube is a leading video-sharing site where users can upload, share, and watch videos of various types. Owned by Google since 2006, YouTube features a mix of homemade content and professionally produced videos, some of which may contain copyrighted material.
YUPPIE: Young Urban Professional
An acronym popularized during the 1980s to describe young career people who have high incomes and education, seeking instant success and gratification.
Z Score: Standard Normal Variate and Bankruptcy Prediction
Z Score in Statistics standardizes a normal distribution by converting an x-scale to the z-scale. The Z Score is also used in Altman's bankruptcy prediction model based on various financial ratios.
Zero Coupon Bond: Understanding the Basics
A Zero Coupon Bond is a security that makes no periodic interest payments and is sold at a deep discount from its face value. The return for investors comes from the bond's appreciation, where it is redeemed at face value upon maturity.
Zero Economic Growth: Stagnation in National Income
Zero Economic Growth refers to a situation where the national income remains constant over a period of time. It is often proposed as a solution to issues like pollution and resource depletion.

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