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

Category: D

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.

DIFFUSION AND AMORTIZATION EFFECT

A concept indicating that the maximum CREDIT RISK of an INTEREST RATE SWAP occurs onethird to halfway through the life of a transaction. This occurs because simulated future INTEREST RATES used in

DIRECT LOSS

In INSURANCE, a loss where the covered PERIL is the PROXIMATE CAUSE of damage. PROPERTY AND CASUALTY INSURANCE policies often limit protection to direct loss rather than direct loss and CONSEQUENTIAL LOSS.

DISENFRANCHISE

The process of removing voting rights from a class of COMMON STOCK so that investors in that class are only entitled to RENT RIGHTS. See also DISENFRANCHISING TRANSACTION.

DOWN AND IN OPTION

A COMPLEX OPTION that creates a standard EUROPEAN OPTION if the price of the UNDERLYING market reference declines through a predefined BARRIER. See also BARRIER OPTION, DOWN AND OUT OPTION, KNOCKIN OPTION,

DAISY CHAIN

An illegal TRADING scheme where a group of manipulators trade a company

DATA FLOW DIAGRAM

A diagram that shows how data is transferred or processed. It shows interactions and the output.

DATE DRAFT

A bill that is payable on a date without need for the payer to accept it.

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