Word
Definition
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Archive for the 'W Glossary' Category
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Woody
Sexual slang for a market moving strongly upward, as in, “This market has a woody.
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Without recourse
Without the lender having any right to seek payment or seize assets in the event of nonpayment from anyone other than the party (such as a special-purpose entity) specified in the debt contract.
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Without
If 70 were bid in the market and there was no offer, the quote would be “70 bid without.” The expression “without” indicates a one-way market.
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Withholding tax
A tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country. Tax levied on dividends paid abroad.
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Withdrawal plan
The ability to establish automatic periodic mutual fund redemptions and have proceeds mailed directly to the investor.
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With rights
Purchase of shares in which the buyer is entitled to the rights to buy shares in the company’s rights issue.
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With dividend
Purchase of shares in which the buyer is entitled to the forthcoming dividend. Related: ex-dividend.
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Wire house
A firm operating a private wire to its own branch offices or to other firms, commission houses or brokerage houses.
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Winners’s curse
Problem faced by uninformed bidders. For example, in an initial public offering uninformed participants are likely to receive larger allotments of issues that informed participants know are overpriced.
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