Walk-in Rate See Rack Rate. ... read more
Warrant A right issued by the company to an investor or lender that lets the holder buy shares at a certain price (the Exercise Price or Strike Price) during a certain window. Similar to a Share Option. ... read more
Warranties Confirmatory statements made by Founders in a Subscription Agreement or Investment Agreement about the company and the business. If a Warranty turns out not to be true then, potentially, the investor could mak... read more
Washout Round A round of financing where previous investors and the Founders suffer significant Dilution. The new investor in a washout round will typically gain majority ownership and control of the company. ... read more
Weighted Average Adjustment The most common form of Anti-Dilution Adjustment or Ratchet, which uses a formula to adjust the rate on which Preferred Shares convert into Ordinary Shares on a Downround to protect existing investors from Dilution. In simple terms, the We... read more
Wholesaler A business that doesn’t sell rooms directly to the public but through travel agents and particularly tour and coach operators. ... read more

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