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Non-profit organizations

Abbreviated as NGO, and also known as not-for-profit organisation; an organisation that does not distribute its surplus capital to shareholders or owners, but instead uses them to pursue its original goals.They are usually exempt from income and property tax and most often include charitable organisations, trade unions and public arts organisations.

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waiting period

Financial services; General Finance

Time during which the Securities and Exchange Commission (SEC) studies a firm's registration statement. During this time the firm may distribute a preliminary prospectus.

waiver of premium

Financial services; General Finance

A provision in an insurance policy that allows payment of insurance premiums to be permanently or temporarily stopped in the event the policyholder becomes incapacitated.

walk away

Financial services; General Finance

To take and maintain a position in a stock after going to the floor to consummate a trade. Antithesis of trade me out, buy them back.

Wall Street

Financial services; General Finance

Generic term for the securities industry firms that buy, sell, and underwrite securities.

wallflower

Financial services; General Finance

Stock that has fallen out of favor with investors; stock that tends to have a low P/E (price-to-earnings ratio).

wallpaper

Financial services; General Finance

A security with no monetary value.

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