Terms For W

Waiting period:

The time between the initial filing of a registration statement and its effective date is known as ‘Waiting period’.

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 which is used as the weighting factor, is known as ‘Weighted- average coupon.

Workout:

This is a process by which a borrower tries to negotiate with a lender for restructuring the borrower’s debt rather than go through foreclosure proceedings

Write-down:

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

Write-off:

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