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

Category: D

DICKER

To negotiate for a good. An agreement must be made eventually.

DIGERATI

Digital literati. It is the active parties in a digital revolution.

DIRECT WRITER

An INSURER that writes INSURANCE policies through a direct selling process or an exclusive AGENCY arrangement, or a REINSURER that accepts ceded RISKS directly from other insurers rather than REINSURANCE BROKERS.

DIVESTITURE

A CORPORATE FINANCE transaction where a company sells a subsidiary or a portion of its operations to a third party. A divestiture typically occurs when the company no longer views the ASSETS

DROP LOCK

A mechanism where the INTEREST RATE on a FLOATING RATE NOTE or BOND is fixed once rates fall below a predefined level. The drop lock allows the issuer to lock in a

DANGEROUS GOODS

A term for goods that can pose a risk to people, health, property, or environment when it is in transport. Perfume, aerosol cans, and paint are goods with this issue. Internation agreements

DATE OF ISSUE

The date when insurance policy is issued. It is different than the effective date.

DAY TRADE

Buying and selling the same position the same day. AKA daylight trade.

DAYS SIGHT

The date a bank must honor a draft against a letter of credit.

DEBENTURE BOND

1. when a buyer gets a service or good promising to pay in the future. 2. when a security is given by a government agency to get more funds.

DEBT RELIEF

Changing a countries foreign liabilities when almost none of its revenue is left for basic needs.

DECIBAR

The way pressure is measured in a metric subunit. One decibar=.10 bar=10kpascals=1.45psi. It increases one decibar to one meter of sea depth.

DECLINING BLOCK RATE

The rate strucure for energy supply that the per unit price goes down when energy needs go up. It is offered by large energy consumers.

DEFENSIVE SECURITIES

Stocks and bonds tha don’t lose value when the market is on a decline. It is because the firm has less economic cycles influencing it. They don’t gain value as fast as

DEFINITE QUANTITY CONTRACT

A contact to purchase that lets the supply of an amount of goods over a period of time. The delivery is scheduled on a timetable.

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