A warranty of merchantability is a type of warranty that asserts that the goods are reasonably fit for its ordinary and intended purpose for which they are sold.
An implied warranty of merchantability is defined in U.C.C. §...
COMMERCE
wash sale
Wash sale is defined as selling of an asset such as stocks or bonds on a loss and repurchasing of other stocks or bonds of substantially similar nature within a very short period of time frame. This method is often used to realize a loss, so...
watered stock
Watered stock refers to any stock issued by a corporation to someone in exchange for assets that under-compensate for the stock. The issue was a larger problem in the early 20th century when investors depended on the par value of stocks which...
well-known seasoned issuer (WKSI)
Well-known seasoned issuer (WKSI) is a category of issuer which allows greater flexibility in accessing U.S. public markets.
Qualification as a well-known seasoned issuerFor an issuer to qualify as a WKSI, they must...
Wells Notice
A "Wells Notice" is a letter sent by a securities regulator to a prospective respondent, notifying him of the substance of charges that the regulator intends to bring against the respondent, and affording the respondent with the opportunity to submit a...
Wells Submission
A response to a Wells Notice. A Wells Notice warns a person or business of possible enforcement action by the U.S. Securities and Exchange Commission (SEC). In a Wells Submission, the person or business so warned has the opportunity to present facts...
whistleblogger
A whistleblogger is a whistleblower who uses a web blog or similar internet-based forum to raise concerns about a person or entity’s misconduct or wrongdoing. Among other topics, whistlebloggers may speak about corruption, a violation of the...
white-collar crime
Overview
White-collar crime generally encompasses a variety of nonviolent crimes usually committed in commercial situations for financial gain.
The following is an inclusive list of white-collar offenses : antitrust violations, bankruptcy...
whole life insurance
Whole life insurance (also referred to as permanent life insurance) refers to life insurance policies that are meant to last until death and have an investment aspect. As long as the person pays the required premiums, the insurance policy...
wildcard exemption
Wildcard exemption is one of a few exemptions the Federal government and state governments allow in bankruptcy that protects some of the debtor’s personal assets from creditors. In Federal bankruptcy and in states where the wildcard exemption...