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.

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