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FINANCIAL DICTIONARY & GLOSSARY: WE
tax - an annual tax in several European countries on the value of an
individual's assets, over a certain level.
weighted - (of elements in a price index, or currencies in a basket): considered according to their relative importance.
welfare - condition of general well-being; and government spending designed to achieve this.
white-collar worker - person who works in an office: i.e. most people working in finance (as opposed to blue-collar workers, Who work in factories).
white knight - an alternative buyer that comes to the rescue (or is persuaded to rescue) a company from a threatened hostile takeover.
wholesale - connected with buying and selling goods in large quantifies.
wholesale banking - banks' dealings (making loans, accepting deposits) with other banks and financial institutions.
wholesaler - intermediary between producers and retailers, who stocks goods, and delivers them when ordered.
windfall - an unexpected profit.
winding up - see liquidation.
window dressing - see creative accounting.
wind up - to liquidate a failing business by selling its assets.
withdraw - to take money out of a bank account.
withholding tax - tax deducted at source from payments such as dividends.
working capital or funds - the stock of money (cash and liquid resources), required by a business to continue producing or trading.
working capital ratio - see current ratio.
work in progress - partially manufactured goods.
write off - to abandon a debt as bad or uncollectable (to recognize that it will never be paid).
wrongful trading - continuing to trade after it is obvious that there is no reasonable prospect of avoiding bankruptcy.
yield - the rate of income an investor receives from a security; to produce or provide income.
yield gap - the difference between the average yield on equities and on bonds.
zero coupon bond - pays no interest, but is sold at a large discount and ultimately redeemed at face value, providing a capital gain.
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FINANCIAL DICTIONARY & GLOSSARY
a-ac, ac-am, am-as, as-ba, ba-be, be-br, br-cap, cap-cas, ce-col, col-com, com-cor, cor-cu, cu-deb, deb-dem, dep-dis, dis-du, du-em, em-ex, fa-fi, fi-fr, fr-ge, ge-gr, ha-im, im-ine, inf-int, int-inv, inv-la, la-li, li-lo, lo-mar, mar-mark, mat-mo, mo-na, na-od, of-ou, ov-pa, pa-po, po-pri, pri-pro, pro-qu, qu-red, red-res, res-sa, sa-sh, sh-sta, sta-sto, str-ta, ta-tr, tr-un, un-va, va-we, we-zz
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