Warehouse Receipt

• A warehouse receipt is a written document proving that a specified quantity and quality of a commodity is stored in an approved warehouse.…

Warehouse To Warehouse Clause

Key takeaways – A warehouse-to-warehouse clause is an insurance provision that covers cargo while it is in transit from a named origin warehouse to…

Warehouse Financing

Warehouse financing (also called inventory financing) is a secured lending arrangement in which a lender advances funds to a business using the borrower’s inventory,…

Warehouse Bond

A warehouse bond is a surety contract that protects customers, shippers and the public when goods are stored in a licensed warehouse. If the…

War Chest

A “war chest” is a company’s reserve of readily available resources—most commonly cash and cash equivalents—kept to seize strategic opportunities, to defend against unexpected…

War Risk Insurance

War risk insurance is a specialized form of coverage that pays for losses arising from politically motivated violence and large-scale civil unrest—events often excluded…

War Exclusion Clause

• A war exclusion clause is a contract term in many insurance policies that excludes coverage for losses caused by acts of war (e.g.,…

War Economy

Key Takeaways – A war economy reorganizes a nation’s production, distribution, finance, and labor to prioritize military needs while trying to preserve essential civilian…

Wanton Disregard

Key takeaways – Wanton disregard (also called wanton conduct or willful and wanton disregard) describes an extreme lack of care for the safety or…

Weighted Average Market Capitalization

Key takeaways – A market-cap-weighted index gives each stock a weight proportional to its market capitalization; large-cap stocks therefore drive index performance. – “Weighted…