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Glossary of Banking Terms

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W

Banking Terms - W
  • Web Currency and Banking Retrieval System (Web CBRS) -

  • weighted average capital cost (WACC) - (the cost of capital computed by weighting the percentage cost of each component by the percentage of that component in the financial structure)

  • weighted average cost of capital (WACC) - (a corporation's costs of capital derived from and weighted in proportion to the capital structure of its equity and debt finance)

  • Weighted Average Coupon (WAC) - (weighted average of the underlying coupon interest rates of mortgage or other loans, as of the issue date, using the balance of each mortgage as the weighting factor)

  • Weighted Average Maturity (WAM) - (weighted average life of the remaining terms to maturity of the underlying loans of a mortgage certificate at the issue date, using the balance of each loan as the weighting factor)

  • Weighted Average Remaining Term (WART) - (remaining maturity of mortgage-backed securities or asset-backed securities at any given point in their life, measured in months)

  • work-in-process (WIP) - (partially completed goods of a manufacturing process before they are completed and classified as finished goods to be treated as inventory)

  • work-in-progress (WIP) - (an alternative term for work-in-process, used in the UK and British-influenced accounting systems - partially completed goods of a manufacturing process before they are completed and classified as finished goods to be treated as inventory)

  • Workmen's Compensation Act (WCA) -

  • World Bank Group (WBG) - (collective name for the International Bank for Reconstruction and Development (the World Bank), which helps finance commercial and infrastructure projects in developing nations)

  • World Business Council for Sustainable Development (WBCSD) - (an international organization dedicated to the promotion of environmental and social sustainability)

  • World Trade Organization (WTO) - (an organization, based in Geneva, Switzerland, that promotes international free trade)

  • World Wide Web (WWW) - (Internet system for worldwide hypertext linking of multimedia documents)