Warrant - Option to purchase additional SECURITIES
from the issuer.
Wash Sale - Sale of SECURITIES in which seller
has acquired substantially identical securities within a
period beginning 30 days before and ending 30 days after
the date of the sale.
Withholding - Amount withheld or deducted from
employee salaries by the employer and paid by the
employer, for the employee, to the proper authority.
Working Capital - Excess of CURRENT ASSETS over
Working Papers - (1) Records kept by the AUDITOR
of the procedures applied, the tests performed, the
information obtained, and the pertinent conclusions
reached in the course of the AUDIT. (2) Any records
developed by a CERTIFIED PUBLIC ACCOUNTANT (CPA) during
Work in Progress - INVENTORY account consisting
of partially completed goods awaiting completion and
transfer to finished inventory.
Wrap-Around Mortgage - Second MORTGAGE which
conveniently expands the total amount of borrowing by
the mortgagor without disturbing the original mortgage.