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Our glossary provides you with definitions for the everyday mortgage and real estate terms as well as some harder to find definitions. |
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Tools & More : Dictionary : W |
Click on the letter to find your terms and definitions :
| # | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
W-2
W-4
Waiver
Walkthrough
Wire Transfer
Withholding
Wraparound Mortgage
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W-2
It is required by January 31st of each year for a taxpayer's employer to provide him or her with this form reflecting annual income based on base wages and any other income calculated. This form also reflects the taxes, social security, and medicare already paid.
W-4
This is the instruction a taxpayer's employer has regarding the withholding of taxes from his or her pay depending on dependents, etc.
Waiver
The international giving up of rights or claims.
Walkthrough
A buyer's final inspection of a property before the completion of the purchase transaction. This usually occurs a few days before the close of the deal.
Wire Transfer
(aka bank wire) Please refer to definition for bank wire.
Withholding
A method of taxation that pays as the individual earns rather than in one lump sum at tax time.
Wraparound Mortgage
A refinanced home loan where all balances of every mortgage are combined into one loan. |
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