Word of the DayFutures Terms that begin "W"
Warehouse Receipt
A document certifying possession of a commodity in a licensed warehouse that is recognized for delivery purposes by an exchange.
Webs
World Equity Benchmark Securities are exchange traded funds that track various foreign country indices such as the U.K., German, and French equivalents of the S&P 500 Index.
Weighting
The relative proportion of each of a group of securities or asset classes within a single investment portfolio.
Wild Card Option
Refers to a provision of any physical delivery Treasury bond or Treasury notes futures contract that permits shorts to wait until as late as 8:00 P.M. on any notice day to announce their intention to deliver at invoice prices that are fixed at 2:00 P.M., the close of futures trading, on that day.
Winter Wheat
Wheat that is planted in the fall, lies dormant during the winter, and is harvested beginning about May of the next year.
Writer
The issuer, grantor, or seller of an option contract.