| Warrant |
A security that allows the owner
to purchase the issuing corporation's stock for a certain
price over stated period. That period could be 10 or
20 years, and the price of the conversion is much higher
than the current price of stock issue. A warrant is
usually issued with another security, such as one warranty
plus one bond, both of which form one unit. |
| Weighted Average Maturity |
The arithmetic mean
of maturities of securities held by a mutual fund.
|
| White Knight |
A company that rescues another
in financial difficulty, especially one which saves
a company from an unwelcome takeover bid. |
| Whole Life Insurance |
Life insurance that provides protection
for the entire life of the insured person, generally
with a fixed face amount and fixed premiums. |
| Will |
A document that directs how a person's
property is to be distributed after death. It may also
be used to nominate a person to serve as the guardian
of minor children and the executor of the estate. |
| Withdrawal Plan |
A program in which shareholders
receive payments from their mutual fund investments
at regular intervals. |
| Work-Out Quote |
Subject quote in which the trader
estimates the price at which he thinks the security
can be bought or sold if given time to find a market. |
| Writer |
Seller of an option contract to
open. |
