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Accounting

Includes the principles as well as the system of documenting and summarizing business and financial transactions and analyzing, verifying, and reporting the results.

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white squire

Financial services; General Finance

White knight who buys less than a majority interest.

whitemail

Financial services; General Finance

Sale of a large amount of stock by a company that is the target of a takeover bid to a friendly party at below-market prices, so that the raider is forced to buy more of highly ...

whole life insurance

Financial services; General Finance

A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that the policyholder ...

whole loan

Financial services; General Finance

A term that distinguishes an investment representing an original mortgage loan from a loan representing a participation with one or more lenders.

wholesale mortgage banking

Financial services; General Finance

The purchasing of loans originated by others, for the acquisition of the servicing rights.

wholesaler

Financial services; General Finance

An underwriter or a broker-dealer who trades with other broker-dealers, rather than with the retail investor.

wholly owned subsidiary

Financial services; General Finance

A subsidiary whose parent company owns virtually 100% of its common stock.

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