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Our glossary of industry terms is one of the most visited sections of our site. We work continually to keep it current and are always adding new terms. In addition, if you ever can't find an industry word you are looking for, let us know. We'll research it and add it for you.

  • Waiting period

    The time between the initial filing of a registration statement and its effective date.

  • Weighted-average coupon

    The weighted average of the gross interest rates of the mortgages underlying a pool as of the issue date, with the balance of each mortgage used as the weighting factor.

  • Weighted-average equity

    The denominator of the fraction used to calculate investment-level income, appreciation and total returns on a quarterly basis, consisting of net assets at the beginning of the period adjusted for weighted contributions and distributions.

  • Weighted-average rental rates

    The average proportion of unequal rental rates in two or more buildings within a market.

  • Working drawings

    The set of plans for a building or project that comprise the contract documents that indicate the precise manner in which a project is to be built.

  • Workout

    The process by which a borrower attempts to negotiate with a lender to restructure the borrower's debt rather than go through foreclosure proceedings.

  • Write-down

    The accounting procedure used when the book value of an asset is adjusted downward to better reflect current market value.

  • Write-off

    The accounting procedure used when an asset has been determined to be uncollectible and is therefore charged as a loss.