Without recourse

Without recourse

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

Without

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

Withholding tax

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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With rights

With rights

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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Wire house

Wire house

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

Winners's curse

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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