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Glossary of financial terms - Letter W

  • WAC

    Tags:  concept securitisation

    See  


  • WAM

    Tags:  concept securitisation

    See  


  • warrant

    Tags:  equity derivatives financial instruments

    A company-issued certificate that represents an option to buy a certain number of shares at a specific price on or before a set date. Often attached to newly issued bonds or shares but having a value of its own, a warrant can be traded on the open market.

     


  • wasting asset

    Tags:  options typology

    A term often used to describe an option because of its limited life. Shortly before its expiration, an out-of-the-money option has only time value, which declines rapidly. For an in-the-money option, only intrinsic value is left upon expiration. At the end of its life, an option that has no intrinsic value is worthless, ie it has wasted away.

     


  • weighted average coupon (WAC)

    Tags:  attributes securitisation

    The weighted average coupon is the average gross interest rate charged to the borrowers of the pool of mortgages that underlie a mortgage-backed security as of the issue date of the security.

     


  • weighted average maturity (WAM)

    Tags:  concept securitisation

    Weighted average maturity is the weighted average amount of time until loans in a mortgage-backed security come due.

     


  • West Texas Intermediate (WTI)

    Tags:  commodity markets financial instruments

    West Texas Intermediate is a grade of crude oil which serves as a reference in oil pricing. It is also the underlying commodity in the oil futures contracts traded on the NYMEX.

     


  • when-issued transaction

    Tags:  attributes market transactions

    When-issued transactions are market transactions in securities which have been authorised but not yet issued.

     


  • WI

    Tags:  attributes bonds

    Country:   United States of America

    See  


  • withholding agent

    Tags:  security issuance taxation

    An agent appointed by local tax authorities and/or issuers to retain withholding taxes on their behalf.

     


  • withholding tax

    Tags:  finance (general) taxation

    Tax deducted at source on the payment of dividends or interest.

     


  • World Trade Organisation (WTO)

    Tags:  economy organisations or institutions

    The World Trade Organisation is an organisation that regulates international trade in goods, services and intellectual property between participating countries.

     


  • WTI

    Tags:  commodity markets financial instruments

    Country:   United States of America

    See  


  • WTO

    Tags:  economy organisations or institutions

    See  


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