Glossary
Click on a letter below to display glossary terms beginning with the selected letter.
Wall Street analyst
Related:
Sell-side analyst
Warrant
An options contract often sold with another security. For instance, corporate bonds may
be sold with warrants to buy common stock of that corporation. Warrants are generally
detachable.
Weak form efficiency
A form of pricing efficiency where the price of the security reflects the past price and
trading history of the security.
Related:
Semistrong form efficiency,
Strong form efficiency
Weighted-average portfolio yield
The weighted average of the yield of all the bonds in a portfolio.
Whole life insurance
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 borrow against or redeem.
Wild card option
The right of the seller of a Treasury bond futures contract to give notice of intent to
deliver at or before 8:00 p.m. Chicago t-me after the closing of the exchange (3.15 p.m.
Chicago time) when the futures settlement price has been fixed.
Related:
Timing option
Window contract
A guaranteed investment contract purchased with deposits over some future designated
time period (the "window"), usually between 3 and 12 months. All deposits made
are guaranteed the same credit rating.
Related:
Bullet contract
Wire house
A firm operating a private wire to its own branch offices or to other firms, commission
houses or brokerage houses.
Writer
The seller of an option.
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