Business / Taxes Glossary

Withholding: Withholding is the amount that employers subtract from their employees’ gross pay for a variety of taxes and benefits, including Social Security and Medicare taxes, federal and state income . . . View Full Definition

Working Capital: Working capital is the money that allows a corporation to function by providing cash to pay the bills and keep operations humming. One way to evaluate working capital is the extent to which . . . View Full Definition

World Bank: Formally known as the International Bank for Reconstruction and Development (IBRD), the World Bank was established in 1944 to aid Europe and Asia after the devastation of World War II. To fu . . . View Full Definition

World Fund: US-based mutual funds that invest in securities from a number of countries, including the US, are known as world funds or global funds. Unlike international funds that buy only in overseas m . . . View Full Definition

World Trade Organization (WTO): The WTO was formed in 1995 to enforce the regulations established by the General Agreement on Tariffs and Trade (GATT) and several other international trade agreements. Composed of represent . . . View Full Definition

Wrap Account: A wrap account is a professionally managed investment plan in which all expenses, including brokerage commissions, management fees, and administrative costs, are wrapped into a single annual . . . View Full Definition

Writer: In the options market, a writer is someone who sells put or call options, an activity known as writing a call or writing a put. Unlike the buyer, or holder, of an option, who can exercise an . . . View Full Definition

Xenocurrency: Xenocurrency is currency that trades outside of its own borders.

Yankee Bond: Yankee bonds are bonds issued in dollars in the United States by overseas companies and governments. The purpose is to raise more money than the issuers may be able to borrow in their home m . . . View Full Definition

Yield: Yield is the rate of return on an investment expressed as a percent. Yield is usually calculated by dividing the amount you receive annually in dividends or interest by the amount you spent . . . View Full Definition

Yield Curve: A yield curve shows the relationship between the yields on short-term and long-term bonds of the same investment quality. Since long-term rates are characteristically higher than short-term . . . View Full Definition

Yield To Maturity (YTM): Yield to maturity is the most precise measure of a bond's anticipated return and determines its current market price. YTM takes into account the coupon rate and the current interest rate in . . . View Full Definition

Zacks Investment Research: This Chicago-based company tracks changes in earnings estimates, as well as buy, sell, and hold recommendations for approximately 5,000 stocks. The information is provided by more than 3,500 . . . View Full Definition

Zero Sum: A zero-sum market is one in which one investor's profit mirrors another investor's loss. For every dollar one person makes, someone else loses a dollar. Commodities and options markets are e . . . View Full Definition

Zero-Coupon Bond: Zero-coupon bonds, sometimes known as zeros, are issued at a deep discount to par value and pay no interest during their term. At maturity, the bondholder receives par value, which includes . . . View Full Definition

Zero-Coupon Convertible Bond: A zero-coupon convertible bond, like other convertible bonds, can be converted into stock in the issuing corporation if the stock reaches the trigger price. Municipalities may issue tax-exem . . . View Full Definition

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