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

Category: D

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.

DEMOGRAPHICS

Factors that show a target group in a market. Refer to psychographics.

DENTAL PLAN

A contract for dental care supplied or prepaid on a group or individual.

DEPRESSION

The lowest point in a cycle that has reduced buying powe, mass unemployment, excess supply, falling prices, falling wages, or lack or future confidence. AKA slump. Refer to recession

DESERTIFICATION

Converting grassland or arid land into a desert through human action.Refer to deforestation.

DETAIL PERSON

A agent that is a manufacturers representative that helps customers get what they need and offer help. They offer help to get sales up.

DEVALUATION

A reduction in currency value. It improves balance on payments but worsens inflation on imports.

DEWK

Dually employed with kids. A house with a married couple with kids. Refer to DENK.

DIAMONDS

Units of diamond trust that are 30 stock in the Dow Jones market. It pays monthly dividend and capital gains annually.

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