Glossary
Warrant |
A corporate-issued certificate giving the holder the right to buy securities at a stipulated price within a given time period. |
Will |
A written and signed statement, made by an individual, which provides for the disposition of their property when they die. |
Wire Transfer |
Electronic transfer of funds; usually involves large payments. |
Withholding |
Used in the context of securities, the illegal practice of a public offering participant keeping some shares in a private account or with a family member, employee, or dealer to profit from the higher market price of a hot issue. |
With Rights |
Shares sold accompanied by entitlement the buyer to buy additional shares in the company's rights issue. |
Working Capital |
The difference between current assets and current liabilities. There are some variations in how working capital is calculated. Variations include the treatment of short-term debt. In addition, current assets may or may not include cash and cash equivalents, depending on the company. |