W

Warehousing
The interim period from the time a loan closes to its subsequent marketing to capital market investors.

Warrants
Securities entitling the holder to buy a proportionate amount of stock at some specified future date at a specified price, usually one higher than the current market.

Watch list
A list of securities selected for special attention by a brokerage, exchange, or regulatory organization. Firms on the watch list are often takeover targets, companies planning to issue new shares, or stocks that show unusual activity.

When issued
A transaction conditional on a security that has been authorized, but not yet issued.

Whole life insurance
A contract with both insurance and investment components. It pays off a stated amount upon the insured's death; and it accumulates a cash value that the policyholder can redeem or borrow against.

Will
A legal document that specifies how a person wishes his or her property to be distributed after death.

Wire house
A firm operating a private wire to its own branch offices or to other firms, clearing agents houses, or brokerage houses.

Working capital
The difference in current assets and current liabilities.

Write-down
Decreasing the book value of an asset if its book value is overstated compared to current market values.

Securities offered through First Allied Securities, Inc.   A register broker/dealer.  Member FINRA/SIPC.
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