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

Category: D

DIRECT LAWSUIT

A legal action where one or more shareholders sue DIRECTORS or executives directly, rather than through the CORPORATION, for breach of duties. See also DERIVATIVE LAWSUIT.

DISCRIMINATING MONOPOLY

A state where a company with MONOPOLY power charges different prices in different markets, according to the characteristics of each market. This presumes the monopolist can clearly identify the source of demand

DOW JONES INDUSTRIAL AVERAGE (DJIA)

A BENCHMARK priceweighted index of the US stock market, comprised of 30 LARGE CAP STOCKS representing the industrial sector; the index is rebalanced periodically as industries and corporate leadership change. The DJIA,

DAIMYO

A public BOND issued in Japanese yen by a non- Japanese company. Daimyos are generally listed on the Luxembourg Stock Exchange and cleared through Euroclear/Cedel.

DATA ELEMENT

The smallest item of data that has great meaning. Or data that shortens code that could be very long. It is called data field in a database.

DATE CERTAIN

The date actions are to be done. It is legally binding.

DAWN RAID

A CORPORATE FINANCE tactic where a potential acquirer purchases a substantial block of a target company

DEAD HAND CLAUSE

A provision contained within some POISON PILL defenses preventing the acquisition of the company by another firm even if a majority of shareholders approve of the offer. Only incumbent DIRECTORS can remove

DEALER MARKET

A financial marketplace where activity is restricted to DEALERS acting as PRINCIPALS for their own accounts; BROKERS acting as agents for their clients are not permitted to participate.

DEBUGGING

1.fixing the problems in a software when it crashes, acts strangely, or is hacked. Refer to bug. 2. fixing existing errors or potential errors in a system to make is good for

DECLARED VALUE FOR CUSTOMS

A shipment’s value a shipper declares for taxes. It is te sellig price and is higher or equal to the declared value for carriage.

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

DEFICIT HAWK

Limiting the federal budget. It can mean increased taxes and reduced spending by the government to handle budget defecits.

DEGRADABLE

The material that is under deterioration by natural forces or chemicals. Refer to biodegradable and photodegradable.

DELINQUENCY

Not repaying a debt as agreed. 2 missing payments is considered delinquent for consumer loans but it takes 15-30 days for credit cards.

DEMAND DESTRUCTION

A move down on the demand curve. It concerns oil and energy use with high prices and reduced supply leads to permanent demand reduction.

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