Glossary definitions provided in part by the Jump$tart Coalition for Personal Financial Literacy.
Waiver of Premium Provision: An insurance policy option allowing a policyholder who becomes disabled or seriously ill to not pay the premiums.
Warranty: A written guarantee from the manufacturer or distributor that specifies the conditions under which the product can be returned, replaced, or repaired.
Wealth : Accumulated assets; positive net worth.
Welfare: Aid in the form of money or necessities for those in need; often from a government program.
Will: A legal declaration of a person's wishes for the disposition of his or her estate after death.
Work-Study: If your school participates in work-study, you may be awarded financial assistance in the form of part-time employment on campus or at designated off campus sites. Work-study funds are earned by you to use toward the cost of your education and do not need to be repaid.