5 terms starting with W
Work visa lending is credit offered to people on temporary work visas, from home loans and car finance to personal loans, assessed against visa length and employment.
Read definitionWorking capital is the difference between a business's current assets and current liabilities: the measure of whether it has enough liquid resources to meet obligations due within 12 months.
Read definitionA working capital loan is short-term business finance that funds day-to-day operations, such as payroll, stock and supplier bills, rather than long-term capital purchases.
Read definitionA write-off is an accounting entry that removes an asset or unpaid customer invoice from the books because it no longer has recoverable value, recording the loss against profit.
Read definitionWritten-down value (WDV) is a depreciating asset's cost less the depreciation claimed so far, and the base for future deductions and for gains or losses on disposal.
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