A voting trust is when individual shareholders, or a group, transfer their voting rights to a trustee, or a group of trustees. Voting trusts are a device for combining shareholder’s voting power as the trustee then controls a unified voting...
commercial transactions
wage attachment
Wage attachment, also known as wage garnishment, is a court order by which the court attaches debtors' wages to help pay their creditors by directly transferring the wages to the creditors. Although a wage attachment order can be obtained...
waiting period
The waiting period is the stage in the initial public offering (IPO) process after the issuer files their registration statement with the Securities and Exchange Commission (SEC) and waits for the SEC to declare their registration statement...
warehouseman's lien
A warehouseman’s lien is a legal right granted to a storage facility or warehouse operator, allowing them to retain possession of goods stored on their premises until outstanding charges or debts for storage, handling, or related services are...
warranty adjustment program
A warranty adjustment program, also known as a secret warranty program, is a service provided by car manufacturers to address defects in their vehicles without initiating a formal recall. These programs allow for repairs, replacements, or...
warranty of fitness
A warranty of fitness, also known as a fitness for a particular purpose warranty, is a type of warranty that ensures goods are suitable for the buyer’s specific intended use. This warranty goes beyond general fitness for ordinary purposes,...
wash sale
A wash sale is defined as the sale of an asset, such as stocks or bonds, at a loss, followed by the repurchase of the same or substantially similar asset within 30 days before or after the sale. This method is often used to realize a loss for...
watered stock
Watered stock refers to shares issued by a corporation in exchange for assets that undercompensate for the stock’s value. This issue was prominent in the early 20th century when investors relied on the par value of stocks, which ensured a...
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 communication issued by the U.S. Securities and Exchange Commission (SEC) or FINRA to individuals or entities who are under investigation for potential violations of securities laws. The notice informs the recipients of...