| Word |
Synonym / Acronym |
Definition |
| Warrant |
|
Gives the purchaser the option of buying common stock in the future, at a specified price (usually issued higher than the current market price), however, unlike stock rights, warrants do not expire for a number of years sometimes even indefinitely. |
| Wash Sale Rule |
|
An IRS regulation stipulating that deductions for capital losses from investments are NOT allowed if the taxpayer purchases "substantially the same security" within 61 days. |
| Wrap Fee |
|
The fee charged for administration of services under a wrap program. |
| Wrap Program |
|
A program of financial management for clients whereby such client is charge a specified fee NOT based directly upon transaction in a client's account, and NOT specifically for advisory services, and NOT specifically for execution of transaction, but rather for the multiple services together. |
| Writer (re: options) |
Seller |
The party in an options contract who is paid for the risk of having an option exercised by granting such right to a buyer. |
