A widower is a person whose spouse died during their marriage and has not since remarried.
[Last updated in May of 2022 by the Wex Definitions Team]
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wildcard exemption
Wildcard exemption is one of a few exemptions the Federal government and state governments allow in bankruptcy that protects some of the debtor’s personal assets from creditors. In Federal bankruptcy and in states where the wildcard exemption...
will
A will is a legal document that states a testator’s wishes and instructions for managing and distributing their estate after death. In contrast, intestate succession is passing the property of the decedent according to the State’s intestacy...
will contract
Though transfers by will are normally donative, it is possible to use a will to form an obligatory, legally enforceable contract. A will contract is created when a promise is made and supported by consideration to leave property by will to the promisee...
winding up
The settlement of debts and liquidation of assets, done with the goal of dissolving a partnership or corporation.
See: dissolution of corporation.
winding up a corporation
The process of dissolving a corporation or settling the affairs of a dissolved corporation. Winding up a corporation generally takes place when a corporation decides to end a business or declares bankruptcy. Winding up involves the settling...
WIPO Copyright and Performances and Phonograms Treaties Implementation Act
Title I of the Digital Millennium Copyright Act, the “WIPO Copyright and Performances and Phonograms Treaties Implementation Act of 1998” added Chapter 12, Copyright Protection and Management Systems, to the Copyright Act.
At the time of the DMCA...
wiretapping
Wiretapping is the act of recording communications between parties, often without their consent. While wiretaps can be a powerful tool for authorities conducting criminal investigations, they are also legally at odds with the right to privacy...
withdrawal of a corporation
Withdrawal of a corporation, also referred to as dissolution of a corporation, is the termination of a corporate entity. The procedure could be conducted voluntarily or involuntarily. Ending a corporation becomes more complex with more owners...
without recourse
A phrase meaning that one party has no legal claim against another party. It is often used in two contexts:
1. In litigation, someone without recourse against another party cannot sue that party, or at least cannot obtain adequate relief even...