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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World investible wealth

World investible wealth

World investible wealth

The part of world wealth that is traded and is therefore accessible to investors.

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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 period

Workout period

Workout period

Realignment period of a temporary misaligned yield relationship that sometimes occurs in fixed income markets.

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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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