Choose a letter above or browse financial terms for the currently selected letter below. Click on the term name to see any articles that are related to the term.


The interim period from the time a loan closes to its subsequent marketing to capital market investors.


Securities entitling the holder to buy a proportionate amount of stock at some specified future date at a specified price, usually one higher than the current market.

Watch List

A list of securities selected for special attention by a brokerage, exchange, or regulatory organization. Firms on the watch list are often takeover targets, companies planning to issue new shares, or stocks that show unusual activity.

When Issued

A transaction conditional on a security that has been authorized, but not yet issued.

Whole Life Insurance

A contract with both insurance and investment components. It pays off a stated amount upon the insured’s death; and it accumulates a cash value that the policyholder can redeem or borrow against.


A legal document that specifies how a person wishes his or her property to be distributed after death.

Wire House

A firm operating a private wire to its own branch offices or to other firms, clearing agents houses, or brokerage houses.

Working Capital

The difference in current assets and current liabilities.


Decreasing the book value of an asset if its book value is overstated compared to current market values.