WOS
Abbreviation with 2 meanings
| Stands for | Waiver of subrogation |
|---|---|
| Meanings | 2 |
| Categories | Business & Finance |
WOS has two meanings. It stands for Waiver of subrogation (insurance) or Weeks of supply (logistics, supply chain & trade).
Meanings of WOS at a glance
| # | WOS stands for | Context |
|---|---|---|
| 1 | Waiver of subrogation | Business & Finance › Insurance |
| 2 | Weeks of supply | Business & Finance › Logistics, Supply Chain & Trade |
1. Waiver of subrogation
Business & Finance · Insurance Abbreviations
Endorsement or contract clause in which an insurer gives up its right to recover a claim payment from a third party who caused the loss, often required in construction and lease contracts.
Example: The general contractor requires a WOS on our workers' compensation policy.
Insurers usually charge a small premium for a WOS, especially on workers' compensation.
2. Weeks of supply
Business & Finance · Logistics, Supply Chain & Trade Abbreviations
Inventory measure expressing stock on hand as the number of weeks it would last at forecast or recent sales rates, common in retail and fashion planning.
Example: Swimwear is at 14 WOS heading into August, so markdowns are coming.
Retail planners set WOS targets by category and season to balance availability against markdown risk.
Related abbreviations
More insurance abbreviations
- ACORD – Association for Cooperative Operations Research and Development
- ACV – Actual cash value
- AD&D – Accidental death and dismemberment insurance
- AI – Additional insured
- ALE – Additional living expenses
- AOP – All other perils
- BI – Bodily injury liability
- BOP – Business owner's policy
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