Glossary - W

warrant

A financial product issued by a bank or other financial institution which gives you the right to buy shares (or currency, an index or a commodity) at a set price within a specified time and traded on the Australian Securities Exchange.

warranty

A document which guarantees that a product will remain in working order for the term of the warranty. It contains information on how the seller or manufacturer will repair, replace or refund the product if it is defective.

wi-fi

Wireless local area network. Wi-fi enables you to connect to the internet using  a computer or mobile phone or tablet.

will

A legal document that sets out how you want your assets and other belongings to be distributed when you die.

wrap account

Allows managed investments to be combined or ‘wrapped’ into a single account. Generally used by financial planners for convenience. See also investment platform and master trust.

 


Last updated: 03 Jul 2015