W
Whole Life Policy - A life insurance policy
which pays a specified amount on the death of the life assured.
Winding Up - The legal termination of a pension
scheme.
With Profits Policy - A life insurance or
pension policy which has annual bonuses added to the sum insured.
Working Capital - The amount of money tied
up in the day to day operations of the business.
Work-out solutions - An informal reorganisation
of the business and settlement of its affairs outside of formal
insolvency proceedings.
X
XD - Ex-Dividend - The interval between the
announcement and payment of the next dividend or, in the case
of a unit trust, the next income distribution.
Y
Yield - The annual dividend or income from
an investment.
Z
Zero Rated - Goods or services that are taxable
for VAT but with a tax rate of zero. |
