Without Recourse

Key takeaways – “Without recourse” (or “no recourse”) means the party transferring an asset, instrument, or claim gives up the right of the transferee…

Without Evidence Of Insurability

What “Without Evidence of Insurability” Means – Definition: “Without evidence of insurability” (WOEI) means an insurer issues or increases coverage without requiring medical evidence…

Withdrawal Plan

A withdrawal plan—often called a systematic withdrawal plan—is a method for taking regular cash out of an investment account (for example, a mutual fund,…

Withdrawal

A withdrawal is the removal of money or assets from a financial account — for example, a checking or savings account, certificate of deposit…

Withdrawal Penalty

A withdrawal penalty is a charge or tax consequence you incur when you take money out of an account earlier than rules or contract…

Withdrawal Credits Pension Plan

• A withdrawal credit in a pension plan is the portion of retirement assets an employee is entitled to take (or take a share…

Withdrawal Benefits

Key takeaways – Withdrawal benefits are the sums an employee can receive from an employer-sponsored retirement plan (most commonly a 401(k) or other defined-contribution…

With Approved Credit Wac Statement

Key takeaways – “With approved credit” (WAC) is a common advertising qualifier that means the advertised financing or promotion is available only to buyers…

With Benefit Of Survivorship

Key Takeaways – “With benefit of survivorship” (often called “right of survivorship” or “survivorship”) is a form of co-ownership in which a deceased co-owner’s…

Witching Hour

• The “witching hour” in markets is the final hour of regular trading on certain options/futures expiration days, when expiring derivatives drive a surge…