Accounting Terms-W
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ward
A minor whose financial affairs are managed by a guardian appointed by a court. Incompetent people also can be wards of a court.
warrant
A certificate allowing the bearer to purchase stock at
a fixed price at some future date.
warranty deed
A deed by which the seller of a property guarantees that the property is free of liens and encumbrances.
wash sale
A stock-manipulation scheme in which traders buy and
sell shares repeatedly in a short period of time to give the impression that the stock is a hot item, when really it is not.
will
A legal document stating how a person wants his or her
property disposed of after death.
withholding
Taking deductions from income to cover taxes or
liabilities.
write-off
Removing an item from an account ledger, because the
item has been fully depreciated or deemed worthless.
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- Accounting Terms
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- Analyzing Multifamily Real Estate Investments
- Construction Accounting
- Converting from Cash Basis Accounting to Accrual Basis Accounting
- How to Be a Good Bookkeeper
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- How S Corporations are Taxed
- Protecting Your Business From Embezzlement
- Tracking Rental Property with Quicken Software