Warrant: An option for a longer period of time giving the buyer the right to buy a number of shares of common stock in company at a specified price for a specified period of time.
WAYS AND MEANS ADVANCES (WMA): Under the RBI Act the Reserve Bank provides Ways and Means Advances to the State Governments to help tide over the temporary mismatches in the cash flow of their receipts and payments. While normal WMAs are clean advances, special WMAs are secured advances provided against the security of Government of India dated securities. The normal WMAs are revised every year. No state government is allowed to have an over draft position for more than a stipulated number of working days. If the overdraft persists beyond the stipulated period the RBI suspends the payments. The interest rate on WMA has been linked to repo rate. Since the abolition of the automatic creation of ad-hoc treasury bills in 1997 a system of ways and means advances to the Union Government was introduced to meet the temporary mismatch between the receipts and payments of Union Government. These loans are repayable within three months from the date the advance in terms of the Central government's agreement with RBI in respect of the maximum amount and rate of interest.
WHOLESALE PRICE INDEX (WPI): The Wholesale Price Index (WPI) is the index used to measure the changes in the average price level of goods traded in wholesale market. A total of 435 commodity prices make up the index. It is available on a weekly basis. It is generally taken as an indicator of the inflation rate in the Indian economy. The Indian Wholesale Price Index (WPI) was first published in 1902, and was used by policy makers until it was replaced by the Producer Price Index (PPI) in 1978.
Wholesale Banking: Wholesale banking is different from Retail Banking as its focus is on providing for financial needs of industry and institutional clients.
Window Dressing: Financial adjustments made solely for the purpose of accounting presentation, normally at the time of auditing of company accounts.