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what is the world bank | the world bank is an international organization dedicated to providing financing advice and research to developing nations to aid their economic advancement the bank predominantly acts as an organization that attempts to fight poverty by offering developmental assistance to middle and low income countries understanding... | |
what is the purpose of the world bank | the world bank is an organization that provides funds advice and research to developing nations to help advance their economy and combat poverty who owns the world bank no person organization government or nation owns the world bank it is an organization made up of member countries represented by a board of governors t... | |
where does the world bank get its money | the world bank receives funding from wealthy nations and from the issuance of debt securities such as bonds | |
which country is the world bank in | the world bank is headquartered in washington d c however it has locations in more than 170 countries including benin argentina and china who is the ceo of the world bank the world bank is led by president ajay banga the organization s board of directors is comprised of four separate boards one for each division of the... | |
what is the world bank group | the world bank group is the world s most prominent development bank with a stated mandate and mission to reduce world poverty it has 189 member countries and is headquartered in washington d c the ceo of the world bank group as of june 2021 is david malpass 1understanding the world bank groupthe world bank group provid... | |
what is the world economic forum wef | the world economic forum wef is an international organization headquartered in geneva switzerland that brings together individuals and political and business leaders each year to discuss significant issues that impact the global economy these include but are not limited to political economic social and environmental co... | |
what is the biggest risk facing the world according to the world economic forum | failure to act on cost of living crisis extreme weather geoeconomic confrontations climate change social cohesion erosion and large scale environmental damage are the top six short term risks identified by the world economic forum global risks report who are the members of wef the world economic forum does not publish ... | |
what is the world economic forum agenda | the world economic forum has three focus areas that drive its agenda and activities mastering the fourth industrial revolution solving the problems of the global commons and addressing global security issues | |
what is the world economic outlook weo | the world economic outlook weo is a comprehensive report published twice a year by the international monetary fund imf it includes the imf s estimates and forecasts for global output growth and inflation as well as for real gross domestic product gdp growth consumer prices current account balances and unemployment in t... | |
what was the world equity benchmark series webs | the world equity benchmark series webs was an international fund traded on the american stock exchange it was introduced in 1996 by morgan stanley and was a type of hybrid security that possesses qualities of both open end and closed end funds in 2000 webs was renamed to ishares msci emerging markets exchange traded fu... | |
what is the world federation of stock exchanges wfe | the world federation of stock exchanges more commonly known as the world federation of exchanges is an international trade group that supports the interests of regulated securities exchanges around the world and promotes widespread access to financial markets and the safety and soundness of the global financial system ... | |
what is a world fund | a world fund is a type of mutual fund or other investment company that invests in securities that are traded in several different countries including the united states this type of fund is sometimes also referred to as a global fund however that name should not be confused with the global fund which is a specific inter... | |
how a world fund works | world funds typically have a significant portion of their capital invested in u s listed securities but they also spread their investment capital among securities from several other countries this structure offers several valuable advantages chief among those advantages is that it limits exposure to any specific countr... | |
what is the world gold council | the world gold council or the wgc is a nonprofit association of the world s leading gold producers a market development organization for the gold industry the world gold council includes 33 members and many members are gold mining companies the wgc was established to promote the use of and demand for gold through marke... | |
what is world insurance | world insurance is a type of commercial liability policy with extended global coverage world insurance provides coverage in the event the policyholder is sued anywhere in the world in general however commercial liability policies have a geographic limit for coverage multinational firms corporations with a global footpr... | |
what is the world trade organization wto | created in 1995 the world trade organization wto is an international institution that oversees the rules for global trade among nations it superseded the 1947 general agreement on tariffs and trade gatt created in the wake of world war ii the wto is based on agreements signed by a majority of the world s trading nation... | |
why is the world trade organization important | the world trade organization wto is the body that keeps global trade running smoothly it oversees the rules and mediates disputes among its member nations it now has 164 member nations and 25 observer nations out of a total 195 nations in the world | |
what are the main functions of the world trade organization | the world trade organization wto administers the trade agreements made among its member nations it also mediates any trade disputes that arise 9 | |
is the u s a member of the world trade organization wto | the u s has been a member of the wto since 1995 and signed its general agreement on tariffs and trade gatt in 1948 in 1999 then president bill clinton facilitated the acceptance of china into the wto the impact on china and on the world continues to be debated to this day 10 | |
what was worldcom | worldcom was an american telecom company at its height worldcom was one of the largest long distance providers in the united states the company is best known for being embroiled in one of the largest accounting scandals in the country which came on the heels of the enron and tyco frauds this came after it was revealed ... | |
when the tech boom turned to bust and companies slashed spending on telecom services and equipment worldcom resorted to accounting tricks to maintain the appearance of ever growing profitability by then many investors became suspicious of ebbers story especially after the enron scandal broke in the summer of 2001 | in 2002 it was revealed that ebbers borrowed 408 million from worldcom s board of directors to cover margin calls on loans secured by company stock at the same time the company s accounting fraud and real financial situation were coming to light as the sec began to investigate as a result ebbers met his downfall and re... | |
what happened to worldcom | worldcom was a telecommunications company that provided discount long distance services to its customers the company was embroiled in one of the largest accounting scandals in the united states which led to an equally large bankruptcy filing the company used fraudulent accounting practices to cover up its losses by mak... | |
what happened to cynthia cooper | cynthia cooper was largely responsible for bringing attention to worldcom s questionable accounting practices she discovered several inconsistencies in the company s financial statements and reported them to auditors and the company s board in her book extraordinary circumstances the journey of a corporate whistle blow... | |
what is worldwide coverage | worldwide coverage is a characteristic of some insurance policies provided by insurance companies that globally covers the insured business or individual against loss or damage worldwide coverage ensures that no matter where an individual s personal property is lost stolen or damaged they will be covered for any associ... | |
what is worldwide income | in the united states worldwide income describes an aggregation of a taxpayer s domestic and foreign income worldwide income is income earned anywhere in the world and is used to determine taxable income in the u s citizens and resident aliens are subject to tax on worldwide income 1 understanding worldwide incomethe ir... | |
what are worthless securities | worthless securities can include stocks or bonds that are either publicly traded or privately held to declare a capital loss from worthless securities the internal revenue service irs suggests investors treat them as if they were capital assets sold or exchanged on the final day of the tax year as with other securities... | |
how do i report worthless securities | if you have a worthless security you ll need to file irs form 8949 make sure you have the dates you purchased it the date you sold it and the amount you paid and received available | |
when can you claim a worthless stock | you can claim a worthless stock in the tax year in which it becomes worthless | |
how are worthless securities taxed | they are taxed as a capital loss and can be claimed in the year the security becomes worthless 1 | |
what is the w p carey school of business | the w p carey school of business is a business school that is part of the arizona state university system previously known as the arizona state university department of commerce it received its current name following a 50 million donation by the w p carey foundation 1the school ranks highly in domestic and internationa... | |
what academic programs does the w p carey school offer | the school offers a diverse portfolio of academic programs including undergraduate degrees in areas like business administration and specialized master s programs in fields such as finance marketing and supply chain management it also provides various mba options and doctoral programs | |
what is w p carey s mission | the school s mission emphasizes a commitment to creating new knowledge through research and educating principled innovative leaders the school s mission statement is to spark positive change in business and society by educating students growing talent producing groundbreaking research and engaging with a variety of com... | |
what are the admission requirements for prospective students | admission requirements vary by program but typically include criteria such as academic qualifications standardized test scores gmat or gre for graduate programs letters of recommendation and application essays note that w p carey does encourage students to ask about gmat and gre waivers 13the bottom linethe w p carey s... | |
a brokerage firm professionally manages a wrap account for a flat fee charged quarterly or annually the fee is based on the assets under management aum wrap account fees should cover all administrative commission and management expenses 1 wrap fees range from about 1 to 3 of aum 2 for many investors a wrap account can ... | understanding the wrap accountwrap accounts have the advantage of protecting the investor from overtrading which can occur if a broker trades for the account excessively just to generate more commission income this is known as churning in a wrap account the broker is paid a fee based on a percentage of the assets in th... | |
what do brokerages typically charge for commission | historically commissions and brokerage fees were much higher than they are today investors may have paid as much as 30 or more for a single trade now many companies offer commission free stock trades and commissions are generally lower | |
why is it called a wrap account | wrap accounts got their name because all the fees you usually pay in an investment account are wrapped into a single easier to understand expense | |
what fees are included in the wrap fee | the wrap fee you pay covers all the services for your wrap account these fees typically include administrative costs brokerage fees investment advice third party services and other fees 1can you trade derivatives in a wrap account yes depending on the investment company you choose to work with you may be able to trade ... | |
what is a wrap around insurance program | a wrap around insurance program is a policy that provides punitive damages coverage for employment practices liability claims should a legal recompense in excess of compensatory damages be awarded to a plaintiff to punish a defendant and deter them from committing future punitive actions this form of insurance will hel... | |
what is a wrap around loan | a wrap around loan is a type of mortgage loan that can be used in owner financing deals this type of loan involves the seller s mortgage on the home and adds an additional incremental value to arrive at the total purchase price that must be paid to the seller over time understanding wrap around loansthe form of financi... | |
how a wrap around loan works | wrap around loans build on the owner financing concept and deploy the same basic structuring a wrap around loan structure is used in an owner financed deal when a seller has a remaining balance to pay on the property s first mortgage loan a wrap around loan takes into account the remaining balance on the seller s exist... | |
what is a wrap fee | a wrap fee is an all inclusive charge for the services of an investment manager or investment advisor the wrap fee generally covers investment advice investment research brokerage services and administrative fees the fee is based on the assets in the account and generally ranges from 1 to 3 per year of the assets under... | |
when given the choice the wise investor finds out exactly what is included and not included in the wrap fee every firm creates its own wrap fee program and some are less comprehensive than others | an investment advisor must provide clients with a wrap fee brochure listing the services that are included in the fee understanding wrap feesthe benefit of a wrap fee is its predictability the investor knows up front what the cost will be for the year no matter how little or how much of the advisor s services are used ... | |
what is a reasonable wrap fee | the normal wrap fee is 1 to 3 per year of the assets under management whether that s reasonable depends on what it covers the wrap fee may not include certain charges securities exchange commission sec regulations require that investment advisors give their clients a wrap fee program brochure stating what services and ... | |
is a wrap fee worth it | whether it s worth it to pay a wrap fee depends on how much service you demand from your investment advisor and how often if you are confident that your money is in good hands and you don t need to revisit your investment decisions regularly you may not need a wrap fee the wrap fee generally covers professional advice ... | |
how is a wrap fee calculated | every investment advisory firm creates its own wrap fee program so the precise terms vary luckily the firm is required to give you a wrap fee brochure detailing exactly what services are covered you might ask the advisor whether a wrap fee or per use fees is better for you and why | |
what is wrap up insurance | wrap up insurance is a liability policy that serves as an all encompassing insurance that protects all contractors and subcontractors working on large projects costing over 10 million the two types of wrap up insurance are owner controlled and contractor controlled 1owner controlled insurance is set up by the owner of ... | |
how to secure wrap up insurance coverage | there are specific steps that often must be taken in sequential order for wrap up insurance coverage to be secured first the development team must examine the project s scope size and length to determine whether wrap up insurance is appropriate think about things like the project s type projected costs schedule for com... | |
when development ends your wrap up insurance coverage will need to transition to coverage for operations at this time coverage will likely move to an individual as need basis | limitations of wrap up insurancewrap up insurance has some restrictions wrap up insurance policies are intricate and call for careful planning and coordinating they require input from the project owner general contractors subcontractors and insurance firms therefore coverage requires substantial collaboration as it can... | |
what is the difference between an ocip and wrap up insurance | ocip owner controlled insurance program and wrap up insurance are both types of insurance policies used in construction projects the main difference lies in who obtains and controls the insurance coverage in an ocip the project owner purchases and manages the insurance while with wrap up coverage the general contractor... | |
what is the primary benefit of wrap up insurance coverage | the primary benefit of wrap up insurance coverage is that it consolidates insurance coverage for all contractors and subcontractors involved in a construction project under a single policy this streamlines the insurance process reduces administrative burdens and can lead to cost savings for project stakeholders | |
what is a wrap up exclusion | a wrap up insurance exclusion refers to specific risks or coverages that are explicitly excluded from the coverage provided by a wrap up insurance policy these exclusions outline the risks or situations that are not protected under the policy and may require separate insurance arrangements or endorsements to address th... | |
what is a wraparound mortgage | a wraparound mortgage is a type of junior loan which wraps or includes the current note due on the property the wraparound loan will consist of the balance of the original loan plus an amount to cover the new purchase price for the property these mortgages are a form of secondary financing the seller of the property re... | |
how a wraparound mortgage works | frequently a wraparound mortgage is a method of refinancing a property or financing the purchase of another property when an existing mortgage cannot be paid off the total amount of a wraparound mortgage includes the previous mortgage s unpaid amount plus the additional funds required by the lender the borrower makes t... | |
what is a writ | the term writ refers to a formal legal document that orders a person or entity to perform or to cease performing a specific action or deed writs are drafted by judges courts or other entities that have administrative or judicial jurisdiction 1 these documents are part of common law and are often issued after a judgment... | |
how writs work | a writ is a document or order that directs any form of action from a court it provides directions from an entity with jurisdictional or administrative power to another party writs were developed as part of the english common law system and were primarily issued by anglo saxon monarchs these writs were written decrees t... | |
where does the word writ come from | the etymology of the word writ comes from old english as a general term denoting written matter which is itself from the old germanic base of write gewrit | |
where did writs originate | writs developed in the middle ages in england originally for the king s court to settle land ownership and title disputes or lodge complaints against landowners | |
how are writs used in american law | initially the american government adopted the writ system it inherited from the british in 1798 congress passed the all writs act which authorized the united states federal courts to issue all writs necessary or appropriate in aid of their respective jurisdictions and agreeable to the usages and principles of law 5 a 1... | |
what is a writ of attachment | a writ of attachment is a form of prejudgment process in which a court orders the attachment or seizure of property described in the writ the property is seized and held in the custody of an appointed official such as a u s marshal or law enforcement officer under court supervision a writ of attachment demands the cred... | |
how a writ of attachment works | a writ of attachment is generally used to freeze a defendant s assets pending the outcome of legal action that is the plaintiff who is the party bringing the legal action against the defendant obtains a contingent lien on the defendant s assets the lien is a legal charge to take ownership of the defendant s property to... | |
what is a writ of execution | a writ of execution is a court order that puts in force a judgment of possession and directs law enforcement personnel to begin the transfer of property as the result of a legal judgment property may include assets money or real property understanding writs of executiona judgment of possession is a type of court order ... | |
when a court issues a writ of execution a sheriff deputy sheriff or a court official is usually charged with taking possession of any property that is owed to the plaintiff if the property is money the debtor s bank account may be frozen or the funds may be moved into a holding account if real property is to be transfe... | a nulla bona is the legal term used when a writ of execution results in an effort to collect but no available assets were available to be seized | |
when are writs of execution used | after a judgment of possession a writ of execution is typically only granted if the defendant is required by law to make a payment to a plaintiff but will not do so voluntarily a writ of execution can also be used to evict a tenant who will not leave on their own and who will not pay rent in the event of a tenant s evi... | |
what is a writ | a writ is a legal document issued by a court that compels a person to do some specific act or deed or else prevents them from doing some act | |
what is a writ of execution used for in the united states today | a writ of execution is a legal document issued by a court directing a sherriff s office or the u s marshal service to enforce and satisfy a judgment for payment of money 1 this may include the seizure of assets | |
what assets are excluded from writs of execution | a few assets are protected from seizure by a writ of execution but which will vary by state law these may include social security payments qualified retirement account assets and unemployment payments other exemptions may include personal apparel home furnishings farm equipment and pets | |
what is a writ of seizure and sale | a writ of seizure and sale is an order issued by a court that allows the petitioner usually a creditor to take ownership of a property from a borrower once the property has been seized by the creditor it can be sold usually at auction writs of seizure and sale are used to take possession of a property when a borrower h... | |
how does a writ of seizure and sale work | a writ of seizure and sale is a drastic step taken by a lender or creditor to recoup some of the money that was lent to the borrower for the property a writ of seizure and sale can occur when a borrower defaults on a mortgage and as a result the loan goes into foreclosure foreclosure is a legal process by which a bank ... | |
when do lenders issue a writ of seizure and sale | a writ of seizure and sale can t be obtained by a creditor if the borrower has only a few missed payments instead it s an aggressive move that is made when a borrower has ignored all other attempts at collection and the debt is in default default is the failure to pay back a loan or debt usually a loan is in default wh... | |
what is a write down | a write down is an accounting term for the reduction in the book value of an asset when its fair market value fmv has fallen below the carrying book value and thus becomes an impaired asset the amount to be written down is the difference between the book value of the asset and the amount of cash that the business can o... | |
how do write downs impact a company | write downs can significantly affect a business s net income and balance sheet write downs are common among companies that produce or sell goods which require a stock of inventory that can become damaged or obsolete | |
which accounts are most likely to have write downs | a business s accounts that are most likely to be written down are its goodwill accounts receivable inventory and long term assets like property plant and equipment pp e | |
where does a write down impact a business | a write down has two impacts on a company on its income statement and its balance sheet the bottom linein accounting a write down is a term for an asset s reduction in book value when its fair market value fmv has fallen below the carrying book value and thus becomes an impaired asset the amount of the write down is th... | |
what is a write off | a write off is an accounting action that reduces the value of an asset while simultaneously debiting an expense account it is primarily used in its most literal sense by businesses seeking to account for unpaid loan obligations unpaid receivables or losses on stored inventory generally it can also be referred to broadl... | |
do not confuse a write off with a write down in a write down an asset s value may be impaired but it is not totally eliminated from one s accounting books | write offs vs write downsa write off is an extreme version of a write down where the book value of an asset is reduced below its fair market value for example damaged equipment may be written down to a lower value if it is still partially usable and debt may be written down if the borrower is only able to repay a porti... | |
what is a tax write off | the internal revenue service irs allows individuals to claim a standard deduction on their income tax return and also itemize deductions if they exceed that level deductions reduce the adjusted gross income applied to a corresponding tax rate 1 tax credits may also be referred to as a type of write off because they are... | |
how is a business write off done | businesses regularly use accounting write offs to account for losses on assets related to various circumstances as such on the balance sheet write offs usually involve a debit to an expense account and a credit to the associated asset account each write off scenario will differ but usually expenses will also be reporte... | |
how is a business write off accounted for under gaap | generally accepted accounting principles gaap detail the accounting entries required for a write off the two most common business accounting methods for write offs include the direct write off method and the allowance method the entries used will usually vary depending on each individual scenario three of the most comm... | |
what is a write up | a write up is an increase made to the book value of an asset because its carrying value is less than fair market value a write up generally occurs if a company is being acquired and its assets and liabilities are restated to fair market value under the purchase method of m a accounting it may also occur if the initial ... | |
what is an option writer | a writer sometimes referred to as a grantor is the seller of an option who opens a position to collect a premium payment from the buyer writers can sell call or put options that are covered or uncovered an uncovered position is also referred to as a naked option for example the owner of 100 shares of stock can sell a c... | |
when the option moves in the money the write faces a potential loss because they need to buy the option back for more than they received | covered writing is considered to be a conservative strategy for generating income uncovered or naked option writing is highly speculative because of the potential for unlimited losses call writingsome traders will use a covered call strategy this is especially true with dividend paying stocks dividend shares will see p... | |
when a put writer is short the underlying stock the position is covered if there is a corresponding number of shares sold short in the account in the event that the short option closes in the money the short position offsets the loss of the written put | in an uncovered position the writer must either buy shares at the strike price or buy the same option to close the position if the writer buys the shares the loss is the difference between the strike price and open market price minus the premium received if the writer closes the position by buying a put option to offse... | |
what is writing an option | writing an option refers to selling an options contract in which a fee or premium is collected by the writer in exchange for the right to buy or sell shares at a future price and date understanding writing an optiontraders write an option by creating a new option contract that sells someone the right to buy or sell a s... | |
what is written down value | written down value is the value of an asset after accounting for depreciation or amortization in short it reflects the present worth of a resource owned by a company from an accounting perspective this value is included on the company s balance sheet in its financial statements written down value is also called book va... | |
how written down value works | in accounting there are various conventions designed to better match sales and expenses to the period in which they are incurred one approach that companies often embrace is referred to as depreciation or amortization companies generally use depreciation for physical assets such as machinery and amortization for intang... | |
what is written premium | written premium is an accounting term in the insurance industry used to describe the total amount that customers are required to pay for insurance coverage on policies issued by a company during a specific period of time written premiums factor in the amount of premium charged for a policy that has already become effec... | |
how written premium works | people pay for insurance coverage to protect themselves against financial loss for example if a policyholder has a car accident and is insured for it the insurance company is obligated to foot the bill in exchange for taking on this risk the company charges its customers premiums premiums for insurance companies are li... | |
what is wrongful dishonor | the term wrongful dishonor refers to a bank s failure to honor a valid negotiable instrument such as a check or draft that has been presented to it for payment if the instrument is valid and there are enough funds to cover it a bank s failure to honor the instrument within the time period stipulated by the uniform comm... | |
what is a wrongful termination claim | a wrongful termination claim is filed in a court of law by someone who believes they were unjustly or illegally fired from their job wrongful termination claims involve an alleged violation of federal or state antidiscrimination laws oral and written employment agreements contracts or labor laws including collective ba... | |
how to file a wrongful termination claim | first it s essential for an employee to read their original agreement letter or employment contract to find out what rights and resources they have available and to check if all conditions and promises were met surrounding their term of employment and their dismissal also they may want to hold off on signing any sort o... | |
what is x efficiency | x efficiency refers to the degree of efficiency maintained by firms under conditions of imperfect competition efficiency in this context means a company getting the maximum outputs from its inputs including employee productivity and manufacturing efficiency in a highly competitive market firms are forced to be as effic... | |
when calculating x efficiency a data point is usually selected to represent an industry and then it is modeled using regression analysis for example a bank might be judged by total costs divided by total assets to get a single data point for a firm then the data points for all the banks would be compared using regressi... | history of x efficiencyleibenstein proposed the concept of x efficiency in a 1966 paper titled allocative efficiency vs x efficiency which appeared in the american economic review allocative efficiency is when a company s marginal costs are equal to price and can occur when the competition is very high in that industry... | |
what is an x mark signature | an x mark signature is made by a person in lieu of an actual signature due to illiteracy or disability a person may be unable to append a full signature in name to a document as an attestation that its content has been reviewed and approved in order to be legally valid the x mark signature must be witnessed understandi... | |
what is extensible business reporting language | xbrl or extensible business reporting language is a software standard that was developed to improve the way in which financial data is communicated making it easier to compile and share this data notably extensible business reporting language is an implementation of xml extensible markup language which is a specificati... | |
what is the xcd eastern caribbean dollar | xcd is the symbol for the eastern caribbean dollar which is the official currency shared by eight caribbean island countries anguilla antigua and barbuda dominica grenada montserrat saint kitts and nevis saint lucia and saint vincent and the grenadines the eastern caribbean dollar is subdivided into 100 cents and has e... | |
what is xd | xd is a symbol used to signify that a security is trading ex dividend it is an alphabetic qualifier that acts as shorthand to tell investors key information about a specific security in a stock quote sometimes x alone is used to indicate that the stock is trading ex dividend qualifiers can vary depending on where the s... | |
what is a xenocurrency | the term xenocurrency refers to any currency that is traded in markets outside of its domestic borders its name derives from the greek prefix xeno meaning foreign today the use of the term xenocurrency is infrequent as the prefix xeno can have negative connotations in modern english xenophobia for example means an irra... | |
how xenocurrencies work | the term xenocurrency was developed in 1974 by the austrian american economist fritz machlup who served as president of the international economic association from 1971 to 1974 12 machlup used the phrase to refer to deposits and loans denominated in currencies other than that of the bank s home country xenocurrency inv... | |
what is xetra | the term xetra refers to an electronic german stock exchange based in frankfurt the system is owned and operated by the deutsche b rse group launched in 1997 the trading platform offers electronic trading in stocks funds bonds warrants and commodities contracts the majority of trades executed in germany go through xetr... | |
what is xrt | xrt is an extension printed after the ticker symbol for a stock it indicates that the stock is trading on an ex rights basis xrt is an abbreviation for the word ex rights ex rights means that the buyer of the stock does not have the rights to purchase more shares at a lower price anymore because those rights have expir... |
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