Personal Finance Terms

  1. Window Guaranteed Investment Contract

  2. Windstorm Hazard

  3. Windstorm Insurance

  4. Winter Range Form

  5. Wire Fraud

  6. Wire Transfer

  7. Wisconsin State Life Fund

  8. With Approved Credit - WAC

  9. With Benefit Of Survivorship

  10. Withdrawal

  11. Withdrawal Benefits

  12. Withdrawal Credits, Pension Plan

  13. Withdrawal Penalty

  14. Withholding

  15. Withholding Allowance

  16. Withholding Tax

  17. Without Evidence of Insurability

  18. Women Leaders Round Table - WLRT

  19. Wool Growers Floater

  20. Word-Of-Mouth Marketing - WOM Marketing

  21. Work And Materials Clause

  22. Work Opportunity Tax Credit

  23. Work Ticket

  24. Worker Adjustment And Retraining Notification Act – WARN

  25. Workers' Compensation

  26. Workers' Compensation Catastrophe Cover

  27. Workers' Compensation Coverage A

  28. Workers' Compensation Coverage B

  29. Workout Agreement

  30. Workout Assumption

  31. World Congress Of Accountants - WCOA

  32. World Insurance

  33. Worldwide Coverage

  34. Worldwide Income

  35. Wrap-Around Insurance Program

  36. Wrap-Around Loan

  37. Wrap-Up Insurance

  38. Wraparound Annuity

  39. Wraparound Mortgage

  40. Write-Down

  41. Written Premium

  42. Wrongful Dishonor

  43. Wrongful Termination Claim

  44. Yacht Insurance

  45. Year's Maximum Pensionable Earnings - YMPE

  46. Year-End Bonus

  47. Yearly Price Of Protection Method

  48. Yearly Probability Of Dying

  49. Yearly Probability Of Living

  50. Yearly Rate Of Return Method

  51. Yearly Renewable Group Term Insurance

  52. Yearly Renewable Term - YRT

  53. Yearly Renewable Term Plan of Reinsurance

  54. Years Certain Annuity

  55. Yield Maintenance

  56. Yupcap

  57. Z-Share

  58. Zero Balance Account - ZBA

  59. Zero Capital Gains Rate

  60. Zero Layoff Policy

  61. Zero-Based Budgeting - ZBB

  62. Zero-Coupon Mortgage

  63. Zero-Floor Limit

  64. Zero-Lot-Line House

  65. Zombie Debt

  66. Zombie Titles

Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an 80% loan-to-value ratio, the second position lien has a 10% loan-to-value ratio and the borrower makes a 10% down payment. 80-10-10 mortgage transactions are piggy-back mortgage transactions, and are frequently used by borrowers to avoid paying private mortgage insurance.
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific benchmark, such as a SPDR. Unlike actively managed ETFs, passive ETFs are not managed by a fund manager on a daily basis.
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out. So when examining a specific market, if all other markets are in equilibrium, Walras' Law asserts that the examined market is also in equilibrium.
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following:
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold - both at the same time. The higher the debit spread, the greater the initial cash outflow the investor will incur on the transaction.
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