Voluntary bankruptcy is a bankruptcy proceeding commenced by the debtor; bankruptcy instituted by an adjudication upon a debtor’s petition.
Involuntary bankruptcy, on the other hand, is a bankruptcy case initiated by a...
wex definitions
voluntary manslaughter
Voluntary manslaughter is the killing of another person without deliberation, premeditation, or malice aforethought while in the heat of passion or in response to adequate provocation.
See also: crime of passion.
...voluntary waste
Voluntary waste, also referred to as affirmative waste, refers to overt and willful acts of destruction performed by a tenant or life tenant that leads to the drop in value of a piece of property by harming the property or depleting natural...
voter bill of rights
Voter bills of rights are collections of voting rights and protections adopted in many states. While they vary greatly by state, they often include basic information on voting eligibility, where a person can vote, privacy, right to assistance...
voting trust
A voting trust is when individual shareholders, or a group, transfer their voting rights to a trustee, or a group of trustees. Voting trusts are a device for combining shareholder’s voting power as the trustee then controls a unified voting...
W-2 form
The W-2 form, the "Wage and Tax Statement," is an IRS form provided by the employer that reports the employee's income, the amount of taxes withheld from wages, benefits provided and other important information for the previous calendar year...
wage attachment
Wage attachment, also known as wage garnishment, is a court order by which the court attaches debtors' wages to help pay their creditors by directly transferring the wages to the creditors. Although a wage attachment order can be obtained...
wages
Wages are the payment, usually financial, that an employee receives from an employer in exchange for their labor. This compensation includes salaries, bonuses, tips, and commissions.
As of June 2024, the federal minimum wage...
waiting period
The waiting period is the stage in the initial public offering (IPO) process after the issuer files their registration statement with the Securities and Exchange Commission (SEC) and waits for the SEC to declare their registration statement...
waive
To waive is to voluntarily relinquish or give up a right, claim, or privilege. It can apply to a variety of legal situations, such as knowingly giving up a legal right like a speedy trial or a jury trial, forgoing certain rights in a...