Writ – this is an official court document (legal order or command), which commands the addressee to whom it is addressed, to perform a legal action, or to abstain from doing a concrete legal action. That “person” is usually a…

Wrap legal fee – this is a package of fees offered to clients by lawyers – for example, a common fee for examination of draft contract, negotiating it with the other party, then signing it on behalf of the client,…

Worthless debt – also known as “bad debt”, this is a debt which technically can not be collected. Worthless debt occurs also in Property Law, where the buyer purchases an off-plan property from a developer-local corporate body with low capital…

Worthless legal burden – this is a legal burden, established as a secondary on a real estate, for example with a market value of 25 000 Euro, and a primary, initial legal burden in favor of third parties for the…

Workout contract – this is usually an annex to existing loan contract, where both parties wish to modify the repayment schedule or the amount of the installments.

Working capital – it is the actual assets of a corporate body, less its current unsettled liabilities towards third parties (creditors).

Work and materials clause – this is a standard clause in assignment contract, setting which party will cover work and materials for producing the goods, or performing the actions that are subject of the contract.

Words of purchase – these clauses which specifically name the person to whom land is being conveyed in the form of a Title Deed or a personal will.

Words of procreation – these clauses in a Title Deed or a personal will that detail the body from which these heirs are to proceed, or the person by whom begotten.

Words of limitation – these are clauses in Title Deeds, a local State order or in a personal will that indicate what type of real estate or rights the beneficiary receives.