10 Terms
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General Finance
Industry: Financial services
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General Finance
white-shoe firm
Financial services; General Finance
Broker-dealer firms that disdain practices such as hostile takeovers.
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 priced shares to ...
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 can redeem or borrow ...
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.
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