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Welcome to our Glossary section! We are very happy to see you here! This is the place where we will do our best to include as many terms from the accounting and financial world as possible so that we fully respond to your research and business needs.

Our team will constantly work on the content so that we make sure that you always stay satisfied with the information you obtain. We have sorted the terms alphabetically so that it is convenient for you to navigate through the section. In addition, we have integrated a special division dedicated to curious terms from the stock market. We hope you find them as much enjoyable as we do.

Sb Team wishes you a pleasant and fruitful navigation through our Glossary section!

White knight: A company which sends an offer for acquiring another company. To which there is already another competitive offer directed. The term comes from the resemblance with the white knight who is galloping to save the princes.

White elephant: Investment that nobody wants because it is not profitable. The term comes from a tradition in Thailand where the albinos elephants were given to the rivals of the king. Since white elephants are sacred animals, they are not supposed to work and therefore they are considered to be a burden for their owners.

Wage: Monetary remuneration for utilizing of labour as a production factor, which takes the shape of price, set in a contract. The wage depends on the demand and the supply on the labour market. In practice it is, though, solidly influenced by the monopolistic structure of this market.

Weighty contract: Contract with which the expenses occurred for paying the outstanding obligations exceed the expected economic benefit coming from it.

Withholding tax: Income tax withheld from employees’ wages and paid directly to the government by the employer. It can be also a tax levied on income (interest and dividends) from securities owned by a non-resident.

Wash trade: A deal which does not generate neither profit nor loss.