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Digital assets and currencies

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Finance

Tuttle Twins

Tuttle Twins is an American educational animated series distributed by Angel Studios and produced by Tuttle Twins Show LLC, based on the book series of the same name by Connor Boyack. First released on June 30, 2021, the series follows twin siblings Ethan and Emily Tuttle, who travel through space and time with their grandmother Gabby to meet historical figures and learn lessons about to

Trading basics

Tuvaluan dollar

The Tuvaluan dollar is one of the currencies of Tuvalu, whose unofficial international currency code is TVD. Tuvalu has never had banknotes of its own, and has been issuing coins since 1976. However, the Tuvaluan dollar is used as a unit of account, and is pegged to the Australian dollar (the other currency of Tuvalu) at parity. From 1966 to 1976, Tuvalu officially used the Australian do

Finance

Twin crises

In economics, twin crises, also called a balance of payments crisis, are simultaneous crises in banking and currency. The term was introduced in the late 1990s by economists Graciela Kaminsky and Carmen Reinhart after several such crises worldwide.

Payments & settlement

TWINT

Twint is a Swiss mobile payment system rolled out nation-wide in 2017. As of 2024, Twint has become ubiquitous in Switzerland, with many stores accepting Twint payments and nearly all banks taking part in the payment system. The app was developed by Monexio, a wholly owned subsidiary of PostFinance, beginning in 2014.

Trading basics

Types of e-commerce

There are many types of e-commerce models, based on market segmentation, that can be used to conduct business online. The 6 types of business models that can be used in e-commerce include: Business-to-Consumer (B2C), Consumer-to-Business (C2B), Business-to-Business (B2B), Consumer-to-Consumer (C2C), Business-to-Administration (B2A), and Consumer-to-Administration

Fiat currencies

U.S. Dollar Index

The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies. The Index goes up when the U.S. dollar gains "strength" (value) when compared to other currencies.

Banking

UBS tax evasion controversies

The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking secrecy practices.

Finance

Uganda Investment Authority

The Uganda Investment Authority (UIA) is a semi-autonomous investment promotion and facilitation organisation in Uganda and is owned by the government of Uganda.

Finance

Ugly Americans (book)

Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions is a book by Ben Mezrich that recounts the exploits of an American called John Malcolm (a pseudonym) arbitraging index futures in Japan in the 1990s. The book was released on May 4, 2004 by William Morrow and Company.

Trading basics

UK Asset Resolution

UK Asset Resolution (UKAR) is a British financial services holding company with headquarters in the West Yorkshire village of Crossflatts (near Bradford & Bingley's former headquarters in Bingley). It was established in October 2010 as a bad bank to hold the two run-off elements, Bradford & Bingley (including the Mortgage Express brand) and NRAM plc (previously known as Northern Rock Ass

Trading basics

UK Financial Investments

UK Financial Investments (UKFI) was a limited company set up in November 2008 and mandated by the UK government to manage HM Treasury's shareholdings in Lloyds Banking Group, the Royal Bank of Scotland Group and UK Asset Resolution. UKFI ceased trading in March 2018, and its business and assets were transferred to UK Government Investments.

Trading basics

UK Government Investments

UK Government Investments (UKGI) is a company owned by the United Kingdom government which combines the former functions of the Shareholder Executive and UK Financial Investments. UKGI manages a portfolio of businesses, including Channel Four Television Corporation and previously NatWest Group.

Trading basics

Ukash

Ukash was a UK-based electronic money system that allowed users to exchange their cash for a secure code to make payments online. It was acquired by Skrill Group in April 2014 and merged into Austrian competitor paysafecard, acquired by Skrill a year earlier. All existing vouchers expired after 31 October 2015. Remaining ones could be exchanged into paysafecard PINs, in May 2016 paysafec

Finance

Unbanked

The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available.

Trading basics

Undercapitalization

Under-capitalization refers to any situation where a business cannot acquire the funds they need. An under-capitalized business may be one that cannot afford current operational expenses due to a lack of capital, which can trigger bankruptcy, may be one that is over-exposed to risk, or may be one that is financially sound but does not have the funds required to expand to meet market dema

Securities & exchanges

Underwriting

Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issues of security in a

Trading basics

Underwriting profit

Underwriting profit, also called underwriting income, is the profit an insurer makes from underwriting activities after claims and underwriting expenses are accounted for, excluding any investment income.

Banking

Unibanco

Unibanco S.A. was a Brazilian bank that operated from 1924 to 2009, when it was merged into Banco Itaú. The name stood for União de Bancos Brasileiros ("Union of Brazilian Banks").

Trading basics

Unicorn bubble

A unicorn bubble is a theoretical economic bubble that would occur when unicorn startup companies are overvalued by venture capitalists or investors. This can either occur during the private phase of these unicorn companies, or in an initial public offering. A unicorn company is a startup company valued at, or above, $1 billion US dollars.

Banking

Unified Payments Interface

Unified Payments Interface (UPI) is an Indian instant payment system and protocol developed by the National Payments Corporation of India (NPCI) in April 11th 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts using only a unique UPI ID. It runs as an o

Securities & exchanges

Uniform Symbology

Uniform Symbology (also known as UMTF), in the context of European financial markets, refers to a common scheme to refer to securities ("symbols"), adopted by European markets in 2008. The original announcement reads as follows:

Banking

UnionPay

UnionPay (Chinese: 银联; pinyin: Yínlián), also known as China UnionPay (Chinese: 中国银联; pinyin: Zhōngguó Yínlián) or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association fo

Trading basics

Unit of account

In economics, unit of account, sometimes called currency unit or monetary unit, is a standard unit of measurement of the market value of goods, services, and other transactions. Also known as a measure of relative worth and a standard of deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt.

Trading basics

United Arab Emirates dirham

The Emirati dirham (symbol: ; currency code: AED; ;) Arabic: درهم إماراتي, abbreviation: د.إ in Arabic, Dh; is the official currency of the United Arab Emirates. Each dirham is subdivided into 100 fulus (singular is "fils"). It is pegged to the United States dollar at a constant exchange rate of approximately 3.67 AED to 1 USD. In March 2025, the UAE Central Bank announced the creation o

Finance

United Kingdom cost-of-living crisis

In late 2021, the prices of many essential goods in the United Kingdom began increasing faster than household incomes, resulting in a fall in real incomes. The phenomenon has been termed a cost-of-living crisis. It is due in part to the economic impact of the COVID-19 pandemic, including a global surge in inflation, wage stagnation attributed to the Conservative Party's austerity program

Finance

United Kingdom insolvency law

United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts. While UK bankruptcy law concerns the rules for natural persons, the term insolvency is generally used for companies formed under the Companies Act 2006. Insolvency means being unable to pay debts. Since the Cork Report of 1982, the modern policy of UK insolvency law has been to

Finance

United States as a tax haven

In 2010, the United States implemented the Foreign Account Tax Compliance Act; the law required financial firms around the world to report accounts held by US citizens to the Internal Revenue Service.

Finance

United States Department of the Treasury

The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States. It is one of 15 current U.S. government departments. The treasury executes currency circulation in the domestic fiscal system, collects all federal taxes through the Internal Revenue Service, manages U.S. government debt, licenses and supervises banks and

Fiat currencies

United States dollar

The United States dollar (symbol: $; currency code: USD) is the official currency of the United States (U.S.) and several other countries. The U.S. Coinage Act of 1792 established the dollar as the base unit, with each dollar divided into 100 cents (symbol: ¢). U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green col

Finance

United States House Committee on Financial Services

The United States House Committee on Financial Services, also referred to as the House Banking Committee and previously known as the Committee on Banking and Currency, is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking and housing industries. The Financial Services Committee als

Finance

United States Senate Committee on Banking, Housing, and Urban Affairs

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes

Finance

United States Senate Committee on Finance

The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery

Trading basics

United States v. Banki

In United States v. Banki, 685 F.3d 99 (2nd Cir. 2011) the Second Circuit Court of Appeals overturned the conviction of Mahmoud Reza Banki. Banki had been convicted of multiple crimes related to allegedly conspiring to violate United States sanctions against Iran by transferring large amounts of money — totaling some $3.4 million — from Iran to the United States.

Trading basics

United States v. Gratkowski

United States v. Gratkowski, 964 F.3d 307 (5th Cir. 2020), was a case in the United States Court of Appeals for the Fifth Circuit involving the Fourth Amendment implications of Bitcoin transactions.

Finance

United States v. Payner

United States v. Payner, 447 U.S. 727 (1980), is a United States Supreme Court case in which the Court reversed a district court's suppression of evidence in the criminal prosecution of an Ohio businessman charged with tax evasion. The case concerned both issues of criminal procedure and the application of the exclusionary rule derived from the Fourth Amendment. By a 6–3 margin the Court

Fiat currencies

United Stock Exchange of India

United Stock Exchange of India Limited, also known as the United Stock Exchange (USE), is an Indian government owned stock exchange. It is the 4th pan-India exchange launched for trading financial instruments in India. USE represents the commitment of 21 Indian public sector banks, private banks, international banks and corporate houses to build an institution of repute. Mr. Gaurav Arora

Banking

Unity Trust Bank

Unity Trust Bank plc provides specialist business banking services to trade unions, charities and other organisations that operate in the not-for-profit sector in the United Kingdom and, since 2015, its remit has expanded to include profit-with-purpose businesses. Founded in 1984, head office is located at Four Brindleyplace, Birmingham.

Banking

Universal bank

A universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researc

Trading basics

Unsecured debt

In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment. Unsecured debts are sometimes called signature debt or personal loans. These differ from secured debt such as a mortgage, whic

Assets

Unspent transaction output

In cryptocurrencies, an unspent transaction output (UTXO, often capitalized as UTxO) is a distinctive element in a subset of digital currency models. A UTXO represents a certain amount of cryptocurrency that has been authorized by a sender and is available to be spent by a recipient. The utilization of UTXOs in transaction processes is a key feature of many cryptocurrencies, but it prima

Assets

Upbit

Upbit is a South Korean cryptocurrency exchange founded in 2017. It is operated by Dunamu, which is one of the highest-valued startups in South Korea.

Fiat currencies

USD: Difference Between Fiat Currency and On-Chain Assets

The international currency code for the US dollar is USD. This article covers its definition, mechanisms, verification methods, and common misconceptions.

Stablecoins

USDC (cryptocurrency)

USDC (USD Coin) is a cryptocurrency stablecoin issued by Circle Internet Group. It is pegged to the United States dollar, and is distinct from a central bank digital currency (CBDC).

Trading basics

USI Tech

USI Tech Limited (also known as United Software Intelligence, or stylised as USI-TECH) was a Dubai-based cryptocurrency and forex platform trading provider, suspected to be a high-yield investment program and a Ponzi scheme. Prior to going offline with its users' funds, USI-Tech moved its website from a .com top-level domain, to a .io domain, while also appearing on a number of mirror do

Fiat currencies

Uthum Herat

Amal Uthum Herat (15 September 1957 – 23 October 2009) born in Colombo, Sri Lanka was Deputy Governor of the Central Bank of Sri Lanka and Alternate Executive Director of the International Monetary Fund.

Finance

Valuation (finance)

In finance, valuation is the process of determining the value of a (potential) investment, asset, or security.

Finance

Valuation of options

In finance, a price (premium) is paid or received for purchasing or selling options.

Finance

Valuation risk

Valuation risk is the risk that an entity suffers a loss when trading an asset or a liability due to a difference between the accounting value and the price effectively obtained in the trade.

Trading basics

Value at risk

Value at risk (VaR) is a measure of the risk of loss of investment/capital. It estimates how much a set of investments might lose (with a given probability), given normal market conditions, in a set time period such as a day. VaR is typically used by firms and regulators in the financial industry to gauge the amount of assets needed to cover possible losses.

Securities & exchanges

Value investing

Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. Modern value investing derives from the investment philosophy taught by Benjamin Graham and David Dodd at Columbia Business School starting in 1928 and subsequently developed in their 1934 text Security Analysis.

Banking

Vancity

Vancouver City Savings Credit Union, commonly referred to as Vancity, is a member-owned financial co-operative headquartered in Vancouver, British Columbia, Canada. By asset size, Vancity is the largest community credit union in Canada as of 2019, with CA$28.2 billion in assets plus assets under administration, 60 branches and more than 543,000 members.

Banking

Variance swap

A variance swap is an over-the-counter financial derivative that allows one to speculate on or hedge risks associated with the magnitude of movement, i.e. volatility, of some underlying product, like an exchange rate, interest rate, or stock index.

Finance

Varo Bank

Varo Bank is an American neobank headquartered in Salt Lake City, Utah. Launched in 2017, Varo was the first neobank to receive a national bank charter from the Office of the Comptroller of the Currency.

Finance

VAT Audit, Intelligence and Investigation Directorate

VAT Audit, Intelligence and Investigation Directorate (Bengali: ভ্যাট অডিট, গোয়েন্দা ও তদন্ত অধিদপ্তর) is a specialized intelligence agency of the government of Bangladesh under the National Board of Revenue responsible for investigating Value Added Tax fraud. Customs Intelligence and Investigation Directorate and Central Intelligence Cell are the sister agencies of the directorate.

Fiat currencies

Velocity of money

The velocity of money measures how many times one unit of currency is used to purchase goods and services within a given time period. In other words, it represents how many times per period money changes hands, or circulates to other owners in return for valuable goods and services. The concept relates the size of economic activity to a given money supply. The velocity of money is one of

Finance

Vendor finance

Vendor finance is a form of lending in which a vendor, instead of a bank or financial institution, lends money to be used by the borrower to buy the vendor's products or property. Vendor finance is usually in the form of deferred loans from, or shares subscribed by, the vendor. The vendor often takes shares in the borrowing company. This category of finance is generally used where the ve

Banking

Venezuelan banking crisis of 1994

The 1994 banking crisis occurred in Venezuela when a number of the banks of Venezuela were taken over by the government. The first to fail, in January 1994, was Banco Latino, the country's second-largest bank ($1.3 billion bailout). Later, two banks accounting for 18% of total deposits (Banco Consolidado and Banco de Venezuela) also failed. The crisis led President Rafael Caldera to susp

Banking

Venezuelan banking crisis of 2009–2010

The 2009–2010 banking crisis in Venezuela occurred when the government took control of several banks following revelations that institutions owned by supporters of Hugo Chavez supporters were in financial trouble after engaging in questionable business practices. Some were seriously undercapitalized, others were apparently lending large sums of money to top executives, and at least one f

Payments & settlement

Venmo

Venmo is an American mobile payment service founded in 2009 and owned by PayPal since 2013. Venmo is aimed at users who wish to split their bills or pay a business. Account holders can transfer funds to others via a mobile phone app. Account holders must be residents of the United States. Venmo also operates as a small social network, as users can observe other users' public transactions

Trading basics

Venture capital

Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equit

Finance

Venture capital in Israel

Venture capital in Israel refers to the financial capital provided to early-stage, high-potential, high risk, growth startup companies based in Israel. The country's venture capital industry was born in the mid-1980s and has rapidly developed. Israel currently has more than 276 active venture capital funds, of which 71 are international VCs with Israeli offices. Israel's venture capital

Finance

Venture capital in Poland

Venture capital is a segment of the economy of Poland where private equity finances early-stage high-risk companies, with the potential for fast growth. As of March 2019, there is a total of 130 active VC firms in Poland, including local offices of international VC firms, and VC firms with mainly Polish management teams. Between 2009 and 2019, these entities have invested locally in over

Finance

Venture capital in the Czech Republic

Venture capital in the Czech Republic refers to activity by private equity investors who finance companies in early stages of development in exchange for an ownership stake. The market's origins date to the early 1990s, when foreign funds began operating in the country following the transition to a market economy after the Velvet Revolution. From the mid-2010s, investment volumes grew, d

Trading basics

Venture capital trust

A venture capital trust or VCT is a tax efficient UK closed-end collective investment scheme designed to provide venture capital for small expanding companies, and income (in the form of dividend distributions) and/or capital gains for investors. VCTs are a form of publicly traded private equity, comparable to investment trusts in the UK or business development companies in the United St

Payments & settlement

Verifi

Verifi, Inc. is an American financial technology company that provides dispute management and chargeback prevention tools for card-not-present payments. Founded in 2005 and headquartered in Los Angeles, California, Verifi offers products including Order Insight, Rapid Dispute Resolution (RDR), and the Cardholder Dispute Resolution Network (CDRN) to help merchants, issuers, and acquirers

Payments & settlement

Verifone

Verifone, Inc. is an American multinational corporation headquartered in New York City, New York. Verifone provides technology for electronic payment transactions and value-added services at the point-of-sale. Verifone sells merchant-operated, consumer-facing and self-service payment systems to the financial, retail, hospitality, petroleum, government and healthcare industries. The compa

Payments & settlement

Versapay

Versapay is a North American financial technology company headquartered in San Francisco, California. Versapay specializes in account receivable software and cash application for midsized businesses. Versapay products include digital invoicing and customer portal, collections management, B2B payment services, cash application, reporting and reconciliation, and ERP integrations. It was li

Trading basics

Vertrue

Vertrue Incorporated, headquartered in Norwalk, Connecticut, is an American consumer services marketing company. The company again received an "F" from the Better Business Bureau for making unauthorized charges to its customers' credit cards. In 2007 it was acquired by a trio of investment firms, including Rho Ventures. In 2010, Vertrue and two of its subsidiaries were found guilty of d

Payments & settlement

Vipps

Vipps is a Norwegian mobile payment application designed for smartphones originally developed by DNB. Vipps was released May 30, 2015 and, having reached 1 million users by November 5, 2015, Vipps became Norway's largest payment application. Although Vipps was developed by DNB, customers of any Norwegian bank can use it. Vipps is a member of the European Mobile Payment Systems Associatio

Finance

Virág Blazsek

Virág Blazsek (born February 2, 1980) is a Hungarian and U.S.-trained legal scholar known for her research on financial regulation, bank bailouts, and corporate insolvency.

Assets

Virtual currency law in Iran

In 2018, Iran recognized cryptocurrency mining as a legal industry in order to monitor and regulate the mining farms that were already operating. In December 2025 Iranian regime globally banned any and all transaction and transfer of cryptocurrency and along with that of in gold. In July 2018, President Hassan Rouhani's administration declared its intention of launching a national crypto

Payments & settlement

Vocalink

Vocalink is a payment systems company headquartered in the United Kingdom, created in 2007 from the merger between Voca and LINK. It designs, builds and operates the UK payments infrastructure, which underpins the provision of the Bacs payment system and the UK ATM LINK switching platform covering 65,000 ATMs and the UK Faster Payments systems.

Assets

Voiceverse NFT plagiarism scandal

In January 2022, 15—the pseudonymous Massachusetts Institute of Technology (MIT) artificial intelligence researcher and creator of the non-commercial generative artificial intelligence voice synthesis research project 15.ai—discovered that the blockchain-based technology company Voiceverse had plagiarized from their platform. Voiceverse marketed itself as a service that offered AI voice

Finance

Voidable floating charge

In law, a voidable floating charge refers to a floating charge entered into shortly prior to the company going into liquidation which is void or unenforceable in whole or in part under applicable insolvency legislation.

Securities & exchanges

Volatility swap

In finance, a volatility swap is a forward contract on the future realised volatility of a given underlying asset. Volatility swaps allow investors to trade the volatility of an asset directly, much as they would trade a price index. Its payoff at expiration is equal to

Trading basics

Volcker Rule

The Volcker Rule is section 619 of the Dodd–Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. § 1851). The rule was originally proposed by American economist and former United States Federal Reserve chair Paul Volcker in 2010 to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers. It was not implemented until

Securities & exchanges

Voting interest

Voting interest (or voting power) in business and accounting means the total number, or percent, of votes entitled to be cast on the issue at the time the determination of voting power is made, excluding a vote which is contingent upon the happening of a condition or event which has not occurred at the time.

Payments & settlement

VugaPay

VugaPay is a cross-platform payment service owned by Vuga Ltd, a Rwandan company. It allows businesses and users to transfer money across major payment systems, including credit card networks, mobile money and Bitcoin via an application programming interface, unstructured supplementary service data interface, a mobile phone app, or a web interface. It processed over 5 million transaction

Trading basics

Vulture fund

A vulture fund is a hedge fund or private-equity fund that invests in debt considered to be very weak or in default, known as distressed debt. Investors in the fund profit by buying debt at a discounted price on a secondary market and then using numerous methods to sell the debt for more than the purchasing price. Debtors include companies, countries, and individuals.

Finance

Wagner's law

Wagner's law, also known as the law of increasing state activity, is the observation that public expenditure increases as national income rises. It is named after the German economist Adolph Wagner (1835–1917), who first observed the effect in his own country and then for other countries.

Fiat currencies

Wall Street Journal Dollar Index

The Wall Street Journal Dollar Index (WSJ Dollar Index) is an index (or measure) of the value of the U.S. dollar relative to 16 foreign currencies.

Trading basics

Wära

The Wära was a demurrage currency used in Germany that was introduced in 1926 as a free economy experiment. It was introduced by Hans Timm and Helmut Rödiger, who were followers of Silvio Gesell. The Wära is comparable to current models of local currencies.

Banking

Warburg family

The Warburg family is a prominent German and American banking family. They are noted for their varied accomplishments in biochemistry, botany, political activism, economics, investment banking, law, physics, classical music, art history, pharmacology, physiology, finance, private equity and philanthropy.

Securities & exchanges

Warrant (finance)

In finance, a warrant is a security that entitles the holder to buy or sell stock, typically the stock of the issuing company, at a fixed price called the strike price.

Payments & settlement

Warrant of payment

In financial transactions, a warrant is a written order by one person that instructs or authorises another person to pay a specified recipient a specific amount of money or supply goods at a specific date. A warrant may or may not be negotiable and may be a bearer instrument that authorises payment to the warrant holder on demand or after a specific date. Governments and businesses may p

Securities & exchanges

Warren Buffett

Warren Edward Buffett ( BUFF-it; born August 30, 1930) is an American investor and philanthropist who is the chairman emeritus and former CEO of the conglomerate Berkshire Hathaway. As a result of his success, Buffett is one of the best-known investors in the world. According to Forbes, as of January 2026, Buffett's estimated net worth stood at US$148.9 billion, making him the ninth-rich

Fiat currencies

Warren Coats

Warren L. Coats Jr. (born May 19, 1942), is an economist specializing in monetary policy. He retired from the International Monetary Fund in May 2003 to join the board of directors of the Cayman Islands Monetary Authority. He is president of Economic Consulting, providing technical assistance to central banks, and until recently was adviser to the central banks of Afghanistan (for the IM

Securities & exchanges

Watered stock

Watered stock is an asset with an artificially-inflated value. The term most commonly refers to a form of securities fraud in which a company issues stock to someone before receiving at least the par value in payment.

Finance

Wealth Lab

Wealth Labs (WABS) is a electronic trading platform originally developed by Dion Kurczek, Brett Corrigan, and Aristotle Varner and released in 2000. The software was acquired by Fidelity Investments in 2004 and made available as Wealth-Lab Pro for Fidelity customers (discontinued in August 2021). As a trading platform, users can develop and deploy automatic trading strategies for various

Securities & exchanges

Wealth management

Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families.

Finance

Wealthfront

Wealthfront Corporation is an American financial services company based in Palo Alto, California, founded by Andy Rachleff and Dan Carroll in 2008. As of September 2026, Wealthfront reported approximately $100 billion assets under management for more than 1.5 million clients.

Finance

Wealthsimple

Wealthsimple Inc. is a Canadian online investment management service. The firm was founded in September 2014 by Michael Katchen, Brett Huneycutt, and Rudy Adler and is based in Toronto. As of October 22, 2025, the firm holds over C$100 billion in assets under administration. It is primarily owned by Power Corporation, which holds a 52.4% undiluted stake aggregated through three entities:

Payments & settlement

WebMoney

WebMoney is an online payment settlement system established in Russia in 1998. It is one of the largest electronic payments processors in Russia by number of users, with the company reporting 45 million registered accounts and 300,000 active weekly users in early 2020, and 100,000 stores accepting payments via the system. WebMoney is owned and operated by WM Transfer Ltd.

Payments & settlement

WeChat Pay

WeChat Pay (Chinese: 微信支付; pinyin: Wēixìn Zhīfù) is a mobile payment and digital wallet service by WeChat based in China that allows users to make mobile payments and online transactions. As of March 2016, WeChat Pay had over 300 million users. WeChat Pay reached 1.133 billion active users in 2023. WeChat Pay's main competitor in China and the market leader in online payments is Alibaba

Finance

Weighted average cost of capital

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Importantly, it is dictated by the external market and not by management. The WACC represents the minimum return that a company must earn on an existing asset base to satisfy

Finance

WePay

WePay is an online payment service provider based in the United States. It provides an integrated and customizable payment solution, through its APIs, to platform businesses such as crowdfunding sites, marketplaces and small business software companies. It also offers partners fraud and risk protection.

Payments & settlement

Wero

Wero is a European digital wallet and instant account-to-account payment service developed by the European Payments Initiative (EPI). It was launched in Germany on 2 July 2024, followed by France and Belgium later that year. Wero is currently available in Belgium, France, Germany, Luxembourg, and the Netherlands. Leading Austrian banks are planning to introduce the service.

Trading basics

West African CFA franc

The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union (UEMOA): Benin, Burkina Faso, Côte d'Ivoire (Ivory Coast), Guinea-Bissau, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 m

Trading basics

Western Union

The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.

Trading basics

What Has Government Done to Our Money?

What Has Government Done to Our Money? is a 1963 book by Murray N. Rothbard that details the history of money, from early barter systems, to the gold standard, to present day systems of paper money.