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

Category: D

DELAY ALLOWANCE

A component added to protect against delays beyond the workers control.

DEMING’S 14 POINTS

The scale of quality made by W. Edward Deming. The guideposts are used by Japanese companies. 1 is consistency. 2 is adaptation. 3 is no relying on inspections. 4 is reducing vendors.

DEMUTUALIZATION

The process of converting a memberowned mutual organization into a public company through the flotation of COMMON STOCK. Once demutualization occurs, members/ customers are separate and distinct from owners/investors.

DEPLETION ACCOUNTING

Charges on earning based on wasting a resource taken out or reserce. It can be reduced over the years to 0. It is not cash outlay in the books or funds earmarked.

DEROGATORY INFORMATION

Information on credit reports lenders used to refuse a loan legally. It can lower the score and limit credit availability.

DETERIORATION

Downgrading effectiveness due to bad packaging or abnormal storage.

DEVELOPMENTAL LICENSE

An agreement when one party lets another evaluate it for a time. If things go well than formal licensing is offered.

DICTIONARY

A reference for words arranged alphabetically. It shows spelling and meaning as well as origin. Refer to thesaurus.

DIFFERENTIAL PRICING

The way a product can have different prices based on the customer, quantity, delivery, and terms. AKA discriminatory pricing or multiple pricing.

DIRECTIONAL RISK

The RISK of loss arising from exposure to the direction of a reference ASSET or market. An investor holding a LONG POSITION experiences a loss if market prices fall and a gain

DIVIDED COVER

INSURANCE contracts on the same property and PERIL purchased by the INSURED from two or more INSURERS. The total SETTLEMENT will never exceed the amount of the loss, and will be divided

DROP LOCK NOTE

A FLOATING RATE NOTE or BOND that converts into a fixed COUPON obligation when a reference INTEREST RATE is breached on the downside. See also DROP LOCK.

DATA RECOVERY

Restoring the data stored in lost files. The space is not overwritten leaving it recoverable by the undelete program. Software is written to do this and is needed for recovery. AKA data

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