Warehouse Receipt
Document guaranteeing the existence and availability of a given quantity and quality of a commodity in storage; commonly used as the instrument of transfer of ownership in both cash and futures transactions.
Warrant
A special kind of option given by the company to holders of a particular security giving them the right to subscribe for future issues, either of the same or of some other security.
Weak Hands
When used in connection with delivery of commodities on futures contracts, the term usually means that the party probably does not intend to retain ownership of the commodity; when used in connection with futures position, the term usually means positions held by small speculators.
Wild Card Option
Refers to a provision of any physical delivery Treasury Bond or Note futures contract which 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.
Winding Down
The process of liquidating all remaining investment holdings in the partnership at the end of the term or the effective date of dissolution.
