The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: D

DATA DICTIONARY

A database that is about a database. It defines structure and controls larger databases. It also keeps the data stored, name of elements, description of elements, characteristics of elements, access rights, and

DATA LOGGING

When all data is recorded by a device. Or passing data through a point in the network. Refer to data capture and data entry.

DATA RECORD

The structure of a database. Many unique data fields are the unique components used to make the structure. Many data records make a data file and many data files make a database.

DATABASE

Organized and structured repository that has indexed information in it for easy use. Retrieving, updating, analysys, and output is much easier to do this way. It is stored in a computer by

DATE OF SERVICE

The date when an insured party is seen by a doctor or given a treatment.

DAYCOUNT

How the days for interest are decided. A month has 30 days and a year is 360 days. Actual 60 is the days in a month but a 360 day yar. An

DE FACTO MERGER

A transaction that is not on a merger but can effect acquisition of a firm asset or stock. It is a statutory merger for appraisal, voting rights, and other matters.

DEADWEIGHT LOSS

When inefficiency is in the market because of demand and surlus issues. It has a negative impact on society. A triangle is the diagram used to show this demand curve, supply curve,

DEATH TAXES

A levy on a property when the owner dies or is transferred before death. AKA death duties.

DEBT COVERAGE RATIO

The way net operating income and annual debt service interact. It shows how suitable a company is for a loan.

DEBTOR-IN-POSSESSION (DIP)

A firm filing for BANKRUPTCY protection and REORGANIZATION that is permitted to act as its own TRUSTEE. The DIP typically attempts to secure DIP FINANCING in order to continue its operations while

DECISION LAG

How long it takes the govenment and policy makers to decide on an economic problem.

DECLINE CURVE

The way of setting up productin yields from oil or gas wells. It changes because of pressure, depletion, or maintenance time. An exponential hyperbolic or harmonic Arps equation is used.

DECREASING-COST INDUSTRY

An industry where production costs go down as more businesses start up in the same industry. It happens due to supplies and processes that benefit from an economy on scale lowering whats

DEED OF GIFTS

Voluntarily transfering the title of property without the value being considered.

DEFAULT OPTION

An OVERTHECOUNTER BINARY OPTION that grants the buyer a payoff if the reference credit DEFAULTS on a specific DEBT obligation; the payoff is equal to the difference between a predefined STRIKE PRICE

DEFENSIVE SECURITIES

Stocks and bonds tha don’t lose value when the market is on a decline. It is because the firm has less economic cycles influencing it. They don’t gain value as fast as

DEFERRED EXPENSE

The first transaction recorded as income but is later going to be an expense.

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