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GLOSSARY

 GLOSSARY TERMS by Alpha
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W-2
W-4
Waiver of Lien
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Weighted Average Coupon (WAC)
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Wholesale value
Will
Without Recourse
Working Capital Ratio
Wraparound loan or Wraparound mortgage
Writ of Execution
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WSJ Prime Rate

Wholesale value

The approximate price that a dealership will pay to purchase a used vehicle. Also know as the Wholesale Blue Book value. Usually equivalent to the trade-in value of a used vehicle.

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