The Law Dictionary

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

Category: D

DEGREE OF RISK

The uncertainty in a situation that the result will differ from the estimate. Refer to law of large numbers, odds, and probability.

DELIVERY ORDER CONTRACT

A supply contract that states minimum and maximum to be delivered during the contract period. It is ordered based on the buyer.

DEMAND BILLING

When a large customer of a utility pays based on peak demand in a time.

DEMAND OPTION

A rule in mortgage contract letting the lending institute demand payment at maturation.

DEMING APPLICATION PRIZE

The quality awar for a Japanese firm or party. It was started in 1951 by W. Edward Deming and is administered by the JUSE. AKA Deming prize.

DEMONSTRATE

To show. It can be applied to an object, device, procedure, or example.

DEPARTMENTAL RATE

The rate overhead in a department to make a product. It has indirect and direct cost to measure the hours on a machine and labor needed.

DEPLETION

To take from the land’s value when minerals are taken.

DEPRESSANT

A substance that reduces normal activity or desire for food.

DERIVATIVE WORK

An artistic work taken from existing works that are copyrightable and must be original to be a work in its own right.

DESIGN BASIS

Conditions that are taken into account when designing a facility or product.

DESTRUCTIVE TESTING

Endurance testing under severe conditions until the product fails. It predicts lifetime and weaknesses. Refer to nondestructive testing.

DEVELOPMENT STAGE ENTERPRISE

A business that launches itself but operations hasn’t started or have started but has no income.It takes money to make money and that is the result of this stage. The loss is

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