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    Financial Dictionary

    Dictionary Home The Language of Money - Edna Carew
    A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



    Wage indexation
     
    The adjustment of wages to compensate for inflation. It can be full, where wages are automatically ...  
    Wage-price spiral
     
    The notion that if prices are rising and employees demand higher wages, production costs rise ...  
    Wall Street
     
    New York's financial centre in Manhattan. The name is often used as a label for the New York ...  
    Walras, Marie Esprit Leon
     
    (1834 - 1910)Walras held the chair of economics in the Faculty of Law at Lausanne, 1870 - ...  
    Warehousing
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    Taking on board a swap as principal until the right counterparty is found. In the sharemarket: ...  
    Warrant
     
    An option issued in the form of a security, usually written for a longer term. A warrant has ...  
    Warranty
     
    An undertaking that some aspect, for example the quality of goods sold, is as stated by the ...  
    Washing deals
     
    A foreign-exchange term used to describe a transaction where a lender is 'full' with a client ...  
    We'll run the numbers through and get back to you
     
    Traders' bluff - buying time to put off an inevitable decision. They really mean they need ...  
    Wealth tax
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    A general term for taxes levied on selected aspects of wealth, for example land taxes (levied ...  
    West Texas Intermediate
     
    A type of oil, used as a benchmark in oil pricing and the underlying commodity of Nymex's ...  
    Whipsaw
     
    A sudden movement in price rapidly followed by an equally sudden reversal.  
    White knight
     
    Market jargon for the saviour in a takeover play. The white knight usually buys a strategic ...  
    Whole-of-life policy
     
    A life assurance policy on which the assurance company pays out the insured amount plus any ...  
    Wholesale banking
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    Borrowing and lending in big licks. Individuals are small fry, relying on 'piggy banks' at ...  
    Wholesale price index
     
    The measure of price changes in the wholesale market during the production processes before ...  
    Widget
     
    Generic term to describe any manufactured item, usually as a hypothetical example.  
    Widow-and-orphan shares
     
    Shares in a stable company that offer an attractive dividend and are regarded as secure long-term ...  
    Will
     
    A document setting out how an individual wants his or her wealth and property to be distributed ...  
    Windfall profit
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    An unexpected benefit, often resulting from an event beyond the control of the recipient.  
    Window guidance
     

    See also: moral suasion.

     
    Window open
     
    A term indicating it is attractive to borrow or lend, or enter into a swap or other transaction ...  
    Window-dressing
     
    Arranging financial details, such as deposits, loans and portfolios, to give the best possible ...  
    Withholding tax
     
    A tax on dividends and interest sent abroad to non-residents. Dividend withholding tax was ...  
    Wood duck
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    An unsuspecting counterparty in a trade who is likely to unwittingly provide higher-than-anticipated ...  
    Working breakfast
     
    A practice well established in the United States where getting some work done before the working ...  
    Working capital
     
    What a business needs to pay for its day-to-day activities; the excess of current assets over ...  
    Working capital ratio
     

    See also: current ratio.

     
    World Bank
     
    The popular name for the Washington-based International Bank for Reconstruction and Development, ...  
    World Trade Organisation
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    The body overseeing and administering the international trade pact under which more than 100 ...  
    Writ
     
    A document issued by a court; usually applied to the document which begins a court action, ...  
    Writ of execution
     
    A court direction to a court officer to ensure a judgment is carried out.  
    Write down
     
    To reduce the recorded (book) value of an asset or liability to take into account, for example, ...  
    Write off
     
    To eliminate the book value of an asset or liability. This would happen if a company or individual ...  
    Writer (of options)
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    The seller of the options; the party who grants the purchaser of the option the right to buy ...  
    WTI
     
    Abbrev. West Texas Intermediate.