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Glossary of Real Estate Terms
Waiting period
The time between the initial filing of a registration statement and its effective date
Weighted-average coupon
The weighted average of the gross interest rates of the mortgages underlying a pool as of the issue date, with the balance of each mortgage used as the weighting factor
Weighted-average equity
The denominator of the fraction used to calculate investment-level income, appreciation and total returns on a quarterly basis, consisting of net assets at the beginning of the period adjusted for weighted contributions and distributions
Weighted-average rental rates
The average proportion of unequal rental rates in two or more buildings within a market
Working drawings
The set of plans for a building or project that comprise the contract documents that indicate the precise manner in which a project is to be built
Workout
The process by which a borrower attempts to negotiate with a lender to restructure the borrower's debt rather than go through foreclosure proceedings
Write-down
The accounting procedure used when the book value of an asset is adjusted downward to better reflect current market value
Write-off
The accounting procedure used when an asset has been determined to be uncollectible and is therefore charged as a loss
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