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Glossary


Weighted average cost of capital is the sum of the required market returns of each component of corporate capitalization, weighted by that component's share of the total capitalization.

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Weighted average loss forecasting predicts future losses by assigning a greater weight, typically to more recent years, when developing a forecast of future losses.

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Welfare and pension plan bond coverage, usually added by rider to a fidelity bond, protects funds and property in employee welfare and pension plans against loss by reason of acts of fraud or dishonesty on the part of administrators, officers, and employees of such plans.

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A wellness program is a program initiated by an employer to promote a healthy lifestyle by employees.

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Wet methods refer to processes of spraying water into a production process to reduce dusts and other airborne particulate matter in the working environment with the goal being to keep employees from inhaling polluted air.

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Wharfinger legal liability coverage is a type of marine insurance that affords coverage to a wharf or pier owner-operator for the liability exposures encountered in the course of business.

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A whistleblower claim asserts that an employee was penalized (e.g., terminated, demoted, disciplined) for complaining of or opposing certain employer actions (e.g., fraudulent billing practices on a government contract), refusing to engage in illegal or unethical conduct, or exposing such conduct via testimony at a trial or administrative hearing.

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The whistleblower provision is a key provision within the Dodd-Frank Act that requires the Securities and Exchange Commission (SEC) to award whistleblowers a payment equal to 10 to 30 percent of the proceeds (recovered from corporations that violate US securities laws) based on information provided by the whistleblower.

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Whistleblower statutes are laws that protect employees from retaliatory actions by their employer when the employees report violations of law by their employer.

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White hat hackers refer to hackers tasked with finding "holes" in cyber security at certain companies and informing such companies about how they may take action to resolve the security flaws.

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