Glossary of Financial Terms

W

Warrant

An option provided to stock or securities holders by a company entitling them to further purchases of stock in that or another company.

Watermark

A distinguishing mark on legal tender or other bank document that is visible when held in certain light that makes that document harder to counterfeit.

Web Banking

Allows users access to their bank accounts using a web browser.

White Knight

A company or entity that provides capital or other assets to another company in the interest of securing that company against aggressive action from a third company.

Wire Transfer

A transfer of funds or other assets over an electronic network.

Withdrawal

To remove funds or assets from an account.

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