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Superglossary - Finance Category: Economy and Finance > Finance Date & country: 16/12/2013, USA Words: 5410

Whipsawed
Refers to a transaction made conditionally, because a security, although authorized, has not yet bee

Whisper Number Or Forecast
Buying stocks just before prices fall and selling stocks just before prices rise in a volatile marke

Whisper Stock
An unofficial earnings estimate of a company given to clients by a security analyst if there is more

Whistle Blower
A stock rumored to be the target of a takeover bid, drawing speculators who hope to make a profit af

White Knight
A person who has knowledge of fraudulent activities inside a firm or government agency, who is prote

White Sheets
A friendly potential acquirer sought out by a target firm that is threatened by a less welcome suito

White Squire
Lists of prices published by the National Quotation Bureau for Market Makers.

White-Shoe Firm
A rating of municipal securities, that uses market factors rather than credit considerations to find

Whitemail
White knight who buys less than a majority interest.

Whites Rating
Sale of a large amount of stock by a company that is the target of a takeover bid to a friendly part

Whole Life Insurance
Broker-dealer firms that disdain practices such as hostile takeovers.

Whole Loan
A contract with both insurance and investment components

Wholesale Mortgage Banking
A term that distinguishes an investment representing an original mortgage loan from a loan represent

Wholesaler
The purchasing of loans originated by others, for the acquisition of the servicing rights.

Wholly Owned Subsidiary
An underwriter or a broker-dealer who trades with other broker-dealers, rather than with the retail

Whoops
A subsidiary whose parent company owns virtually 100% of its common stock.

Wi Wi
A nickname for the Washington Public Power Supply System, which in the 1970s raised billions of doll

Wide Opening
Come from when issued. Treasury bills trade on a WI basis between the day they are auctioned and the

Widow-And-Orphan Stock
Abnormally wide spread between the bid and asked prices of a security at the opening of a trading se

Wild Card Option
A stock paying high dividends with a low beta and noncyclical business, that is an extremely safe in

Williams Act
The right of the seller of a Treasury bond futures contract to give notice of intent to deliver at o

Wilshire Indexes
Federal legislation enacted in 1968 (and now constituting Rules 13d and 14d of the Security Exchange

Windfall Profit
Widely followed performance measurement indexes measuring performance of all U.S.-headquartered equi

Window
A sudden unexpected profit uncontrolled by the profiting party.

Window Contract
A brokerage firm's cashier department, where delivery of securities and settlement of transactions t

Window Dressing
A guaranteed investment contract purchased with deposits over some future designated time period (th

Winners Curse
Trading activity near the end of a quarter or fiscal year that is designed to improve the appearance

Winnipeg Commodity Exchange
Problem faced by uninformed bidders. For example, in an initial public offering uninformed participa

Wire Room
A firm operating a private wire to its own branch offices or to other firms, commission houses, or b

With Dividend
A department within a brokerage firm that receives customers' orders and transmits the orders to the

With Ice
Purchase of shares that entitle the buyer to the forthcoming dividend. Related

With Rights
When issued.

Withdrawal Plan
Shares sold accompanied by entitlement the buyer to buy additional shares in the company's rights is

Withholding
Agreement that a mutual fund will disburse automatic periodic redemptions to the investor.

Withholding Tax
Used in the context of securities, the illegal practice of a public offering participant keeping som

Without
A tax levied by a country of source on income paid, usually on dividends remitted to the home countr

Without Recourse
Indicates a one-way market if 70 were bid in the market and there was no offer, the quote would be '

Woody
Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone ot

Working
Slang to describe a market moving strongly upward, as in, 'This market has a woody.'

Working Away
Attempting to complete the remaining part of a trade, by finding either buyers or sellers for the re

Working Capital
Transacting with another broker/dealer.

Working Capital
The net amount of current assets and current liabilities. This is equivalent to a company's liquid a

Working Capital
The difference between current assets and current liabilities. It is a measure of liquidity and solv

Working Capital Management
Defined as the difference between current assets and current liabilities (excluding short-term debt)

Working Capital Ratio
The deployment of current assets and current liabilities so as to maximize short-term liquidity.

Working Control
Working capital expressed as a percentage of sales.

Working Order
Control of a corporation by a shareholder or shareholders having less than 51% voting interest becau

Workout
Standing order in the marketplace, through which a broker bids or offers to fill the order in a seri

Workout Market
Informal repayment or loan forgivness arrangement between a borrower and creditors.

Workout Period
Market indicating prices at which it is believed a security can be bought or sold within a reasonabl

World Bank
Realignment of a temporarily misaligned yield relationship that sometimes occurs in fixed income mar

World Investible Wealth
The World Equity Benchmark Series are similar to SPDRs. W.E.B.S. trade on the AMEX, and track the Mo

World Trade Organization (WTO)
The part of world wealth that is traded and is therefore accessible to investors.

Wrap Account
A multilateral agency that administers world trade agreements, fosters trade relations among nations

Wraparound Annuity
An investment consulting relationship for management of a client's funds by one or more money manage

Wraparound Mortgage
An investment that allows the annuitant the choice of underlying investments tax-deferred.

Wrinkle
A second mortgage that leaves the original mortgage in force. The wraparound mortgage is held by the

Write
A feature of a new product or security intended to entice a buyer.

Write Out
Sell an option. Applies to derivative products.

Write-Down
The procedure used when a specialist makes a trade involving his own inventory, on one hand, and a f

Write-Off
Reducing the book value of an asset if its is overstated compared to current market values.

Writer
Charging an asset amount to expense or loss, such as through the use of depreciation and amortizatio

Writing Cash-Secured Puts
The seller of an option, usually an individual, bank, or company that issues the option and conseque

Writing Puts To Acquire Stock
An option strategy to avoid using a margin account. Instead of depositing margin with a broker, a pu

Written-Down Value
Selling a put option at an exercise price that would represent a good investment by an option writer

XMI
Symbol that indicating that stock is trading ex-dividend, with no dividend.

XR
Applies to derivative products. Quotron symbol for the Major Market Index (MMI).

XW
Symbol indicating that a stock is trading ex-rights, with no rights attached.

Yankee Bonds
Fifth letter of a Nasdaq stock symbol specifying that it is an ADR

Yankee CD
Foreign bonds denominated in U.S. dollars and issued in the United States by foreign banks and corpo

Yankee Market
A CD issued in the domestic market, typically New York, by a branch of a foreign bank.

Yard
The foreign market in the United States.

Year-End Dividend
Slang for one billion currency units. Used particularly in currency trading, e.g., for Japanese yen

Year-To-Date (YTD)
A special dividend declared at the end of a fiscal year that usually represents distribution of high

Yellow Sheets
The period beginning at the start of the calendar year up to the current date.

Yen Bond
Sheets published by the National Quotation Bureau that detail bid and ask prices, plus those firms t

Yield
Any bond denominated in Japanese yen currency.

Yield Advantage
The percentage rate of return paid on a stock in the form of dividends, or the effective rate of int

Yield Burning
The advantage gained by purchasing convertible securities instead of common stock, which equals the

Yield Curb
A municipal bond financing method. Underwriters in advance refundings add large markups on U.S. Trea

Yield Curve
Applies mainly to convertible securities. Difference in current yield between the convertible and th

Yield Curve Option-Pricing Models
The graphic depiction of the relationship between the yield on bonds of the same credit quality but

Yield Curve Strategies
Models that can incorporate different volatility assumptions along the yield curve, such as the Blac

Yield Differential-Pickup
Investments that position a portfolio to capitalize on expected changes in the shape of the Treasury

Yield Equivalence
Mainly applies to convertible securities. Graph showing the term structure of interest rates by plot

Yield Ratio
The interest rate at which a tax-exempt bond and a taxable security of similar quality give the inve

Yield Spread
The quotient of two bond yields.

Yield Spread Strategies
The difference in yield between different security issues usually securities of different credit qua

Yield To Average Life
Investments that position a portfolio to capitalize on expected changes in yield spreads between sec

Yield To Call
A yield calculation in which bonds are retired routinely during the life of the issue. Since the iss

Yield To Maturity
The percentage rate of a bond or note if the investor buys and holds the security until the call dat

Yield To Warrant Call
The percentage rate of return paid on a bond, note, or other fixed income security if the investor b

Yield To Warrant Expiration
Applies mainly to convertible securities. Effective yield of usable or synthetic convertible bonds d

Yield To Worst
Applies mainly to convertible securities. Effective yield of usable convertible bonds determined by

Yo-Yo Stock
The bond yield computed by using the lower of either the yield to maturity or the yield to call on e

Zabara
Statistical measure that quantifies the distance (measured in standard deviations) a data point is f

Zero Prepayment Assumption
Applies mainly to international equities. Japanese securities transactions conducted on the principa

Zero Uptick
The assumption of payment of scheduled principal and interest with no payments.

Zero-Balance Account (ZBA)
Related

Zero-Base Budgeting (ZBB)
A checking account in which zero balance is maintained by transfers of funds from a master account i