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Waiting period
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The time between the initial filing of a registration statement and its effective date
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Walk-through Kitchen
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A Kitchen with two means of egress. An individual can actually walk through the Kitchen by entering through one room and exiting into another room.
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Walk-up Building
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A building without an elevator. This term usually refers to four to six story pre-war buildings that were built without an elevator. Today it is uncommon to see new construction without the incorporation of an elevator.
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Warehouse fee
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A closing cost fee representing the lender's cost of holding a borrower's loan temporarily before it is sold on the secondary mortgage market.
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Weighted-average coupon
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The weighted average of the gross interest rates of the mortgages underlying a pool as of the issue date, with the balance of each mortgage used as the weighting factor
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Weighted-average equity
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The denominator of the fraction used to calculate investment-level income, appreciation and total returns on a quarterly basis, consisting of net assets at the beginning of the period adjusted for weighted contributions and distributions
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Weighted-average rental rates
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The average proportion of unequal rental rates in two or more buildings within a market
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WEIK
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The acronym used to describe a windowed Eat-In-Kitchen
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Window Treatments
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This refers to the treatments an individual may put on a window. These can include shades or blinds.
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Working drawings
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The set of plans for a building or project that comprise the contract documents that indicate the precise manner in which a project is to be built
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Workout
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The process by which a borrower attempts to negotiate with a lender to restructure the borrower's debt rather than go through foreclosure proceedings
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Wraparound mortgage
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A loan given to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both amounts are made to the lender who holds the wraparound loan.
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Write-down
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The accounting procedure used when the book value of an asset is adjusted downward to better reflect current market value
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Write-off
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The accounting procedure used when an asset has been determined to be uncollectible and is therefore charged as a loss
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