Writer

Writer

Writer

The seller of an option, usually an individual, bank, or company, that issues the option and consequently has the obligation to sell the asset ( if a call) or to buy the asset (if a put) on which the option is written if the option buyer exercises the option.



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Write-down

Write-down

Write-down

Decreasing the book value of an asset if its book value is overstated compared to current market values.



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World Bank

World Bank

World Bank

A multilateral development finance agency created by the 1944 Bretton Woods, New Hampshire negotiations. It makes loans to developing countries for social overhead capital projects, which are guaranteed by the recipient country. See: International Bank for Reconstruction and Development.



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Workout

Workout

Workout

Informal arrangement between a borrower and creditors.



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Working capital

Working capital

Working capital

Defined as the difference in current assets and current liabilities (excluding short-term debt). Current assets may or may not include cash and cash equivalents, depending on the company.



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