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

Category: D

DEFICIENCY LETTER

1. an notice stating omisssions in official document to get rectification. 2. a letter sent to notify that a shortfall has occured and demand restitution.

DEFLATOR

The inflation rate used to convert prices and wages from nominal to real.

DEHIRE

A tactful way to rightsize a firm done by firing employees.

DELAYERING

Reducing the size of a business by firing management. The organization structure is flatter.

DELPHI METHOD

Predicting analysis that uses feedback to make a consensus among experts. It is done anonymously. The issue is circulated and commented on until an agreement is reached. AKA delphi forecasting.

DEMOGRAPHIC FACTORS

Characteristics assigned to age, sex, education, income, marital status, job, religion, birth rate, death rate, family size, and marriage age. It is done to every member of the population.  TLD Example: Many retailers

DENOMINATION

The face value of currency as it is stated in the print on it.

DESTINATION CONTRACT

Contract for sale where a seller takes risk on until goods are delivered. Refer to shipment contract.

DETERMINISTIC METHODS

Equations that use the idea of future behaviors are predictable based on data. They ignore disturbances and shocks that can alter data.

DEVIATION POLICY

When a company handles activities outside of their predictions. Action can be taken in time. AKA exception policy.

DIALECTICAL METHOD

Predicting based on many groups and viewpoitns into one vision. Refer to dialectic.

DIESEL OIL

A petroleum fuel that engines use. It is heavier than gasoline but close to heating oil.

DIFFERENTIATION STRATEGY

When a firm finds a niche and targets it. It is done where advantage is had and the expense is coverable. Refer to segmentation strategies.

DIGITAL CERTIFICATE (DC)

When an email has an attachment or data from a webpage. It certifies that the sender is the one who claims to have sent it. It is a long string of binary

DIGITAL RIGHTS

The copyright for digital content used online or over computerized networks. See, e.g., How to Get a Copyright: A Step-By-Step Guide

DISASTER RECOVERY RISK

The RISK of loss arising from damage to physical infrastructure which prohibits the use of real estate, plant and equipment, technology and communications leading to a halt in operations; the disaster may

DOUBLE RECOVERY

An illegal attempt by an INSURED to file multiple CLAIMS on a single loss event with multiple INSURERS. Double recovery violates the principle of INDEMNITY, which states that an INSURANCE contract cannot

DURATION

The average CASH FLOWS of an INTEREST RATE sensitive ASSET or LIABILITY, takings account of YIELD, interest payments, maturity, and CALLABILITY Duration quantifies the change in the price of a security for

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