5 Terms
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General Finance
Industry: Financial services
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General Finance
wholesale mortgage banking
Financial services; General Finance
The purchasing of loans originated by others, for the acquisition of the servicing rights.
wholesaler
Financial services; General Finance
An underwriter or a broker-dealer who trades with other broker-dealers, rather than with the retail investor.
wholly owned subsidiary
Financial services; General Finance
A subsidiary whose parent company owns virtually 100% of its common stock.
whoops
Financial services; General Finance
A nickname for the Washington Public Power Supply System, which in the 1970s raised billions of dollars through municipal bond offerings, the projects that never materialized. WPPSS defaulted on the ...
wi wi
Financial services; General Finance
Come from when issued. Treasury bills trade on a WI basis between the day they are auctioned and the day settlement is made. Bills traded before they are auctioned are said to be traded WI WI
wide opening
Financial services; General Finance
Abnormally wide spread between the bid and asked prices of a security at the opening of a trading session.
widow-and-orphan stock
Financial services; General Finance
A stock paying high dividends with a low beta and noncyclical business, that is an extremely safe investment.