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Waiver of Lien
A legal document in which a contractor waives the common law right to hold control over a property if payment is not received in full.
Related Topic: Lien.

Waterproofing Certificate
A guarantee by a waterproofing contractor that the item certified has been adequately waterproofed in terms of the instructions specified by the manufacturer.

Wholesale Value
In the context of property syndication, this means the estimated price that a share or shares of a syndicated property-holding company would fetch (excluding winding-up costs) should the holding company be dissolved and the underlying property sold as a normal, non-syndicated property.
Related Topic: Retail Price.

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