wex definitions

warranty deed

A type of deed where a grantor guarantees that the grantor holds clear title to a parcel of real estate and has a right to sell it to the grantee.

warranty of fitness

A warranty of fitness is a type of warranty that asserts that the goods are suitable for the special purpose of the buyer, and such warranty will not be satisfied by mere fitness for general purposes. While the good may be fit for its...

warranty of merchantability

A warranty of merchantability is a type of warranty that asserts that the goods are reasonably fit for its ordinary and intended purpose for which they are sold.

An implied warranty of merchantability is defined in U.C.C. §...

wash sale

Wash sale is defined as selling of an asset such as stocks or bonds on a loss and repurchasing of other stocks or bonds of substantially similar nature within a very short period of time frame. This method is often used to realize a loss, so...

Washington DC Voting Rights Amendment

The Washington D.C. Voting Rights Amendment was a proposed amendment by Congress in 1978 to the U.S. Constitution giving Washington D.C. similar representation to states in the national government. Currently, as set out in the 23rd amendment...

waste

When a person (ie. a tenant or a life tenant) who is merely in possession of property, abuses, destroys, or permanently changes the property.

watered stock

Watered stock refers to any stock issued by a corporation to someone in exchange for assets that under-compensate for the stock. The issue was a larger problem in the early 20th century when investors depended on the par value of stocks which...

Watkins v. United States (1957)

Watkins v. United States (1957) is the U.S. Supreme Court case holding that the Due Process Clause of the Fifth Amendment limits Congress’s ability to conduct investigations, namely its ability to require testimony on inquiries unrelated to...

weight of evidence

Weight of evidence is the believability or persuasiveness of evidence in probative value, not the quantity or amount of evidence. Weight of evidence is not determined by mathematics, but depends on its effect in inducing belief. In State v....

weight of the evidence

The degree to which evidence convinces triers of fact to either accept or reject a factual assertion. Sometimes, the phrase refers to the strength of a single piece of evidence. At other times, the phrase refers to the whole set of evidence presented...

Pages