wah
Equivalent to 4 square meters.

waive
To give up, renounce, submit or surrender a right, benefit, privilege or claim

waiver
Refers to a legal document that proves the relinquishment of rights or claims. It may also mean deliberate relinquishment of rights or claims

warehouse
Building that is used specifically for the purpose of storing or keeping merchandise

warehousing
The act of holding mortgages for the purpose of later securitizing and selling the same to other investors or lenders

warranted price contract
An agreement between parties to design and construct a facility for a maximum price to an agreed brief where any savings maybe shared between the parties.

warranty
Legally binding agreement given at the times of sale , by the seller to the buyer, containing certain assurances as to the terms and condition of the property being sold

water rights
The legal right of a landowner to the water found on his property.

waterfront
Property with a body a water in front of it. Alternatively, a contiguous area of similar properties near the large body of water which has a commercial port.

wear and tear
Deterioration or decline in the value of a property due to use, physical damage, old age or environmental factors

weathering
The wear and tear of the exterior of a building caused by exposure to the weather

wing
Building part, which is concerned to, but leading away from the main structure.

withholding tax
A phrase used to enable parties to negotiate an agreement or settle a dispute, either orally or in writing, without any statement or admission made being subsequently quoted or produced in evidence at any legal hearing bearing on the subject-matter of the proposed agreement or dispute. In claiming this privilege, care must be taken to avoid statements which are untrue or of a defamatory nature, which might entitle the court to allow their admission in evidence at the request of the other party. In any event, the privilege applies only to the proceedings in question, so that “ without prejudice” statements (verbal or written) can, in certain circumstances, be produced in evidence in some other, unrelated, dispute.

without recourse
A company is not responsible to a third party when an account or financial instruments is not honored by the debtor with creditor’s only recourse being to the debtor’s property