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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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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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