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Waiting Period - The length of time a disability policy holder must wait after submitting a claim before disability income benefits begin. Warrant - A certificate granting the right to buy securities at a stipulated price within a specified time period or for an indefinite time period. Wash Sale - A tax term for the purchase of securities (or options to purchase those securities) within 30 days before or after a sale of substantially the same securities. A loss from selling the original securities may not be deductible for income-tax purposes. Will - A legally enforceable document allowing an individual to direct the distribution of his/her property after death. |
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