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FINANCIAL
GLOSSARY : W
Wall
Street
The name of the
famous street on which the New York Stock Exchange and other major financial
institutions are located.
Warrants
Warrants are risky
investments which give the holder the right to buy a given number of
shares in a company at a fixed price at some future date, this date
is usually several years ahead. A warrant is a right and not an obligation
to buy. Warrants are often issued with a new share issue.
Whole-of-life
insurance
An insurance policy
that covers you for your entire life. It is not like term insurance,
which only lasts for a set period.
Winding-up
The end of a company
by selling off its assets to pay off creditors and distributing the
remaining funds to its shareholders. Also called Liquidation.
With-profits
policies
Investment-based
insurance policies are investments whose return are in the form of bonuses
which depend on profits made by insurers.There are many factors which
influence the level of bonuses, including the return the insurer gets
on investing premiums, cost levels, claims experience, whether there
are shareholders who receive part of the profits, and the extent to
which the company tries to smooth bonus levels from one year to the
next.
