Warrant
A security that allows an investor to purchase an amount of stock at a specified price within a certain time period.

Will
A legal statement which states a persons wishes regarding the disposition of his or her property after their death.

Wrap Account
An investment plan that wraps together money management and brokerage services. Wrap plans are popular for their simplicity. For one all-inclusive annual fee, an investment firm provides the services of a professional money manager, who creates a portfolio of stocks and bonds, or mutual funds, and takes care of all the trading.