Business A to Z

Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.

Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.

Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.

12 terms filed under W, showing 11–12 (page 2 of 2).

W

Write-off and provision for bad debts

Accepting that an invoice will not be paid, and recognising it in the accounts.

Wrongful trading

Also called Trading while insolvent, Directors' duties on insolvency

Continuing to trade when you should have known the company could not avoid insolvency. It makes directors personally liable.

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