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

Category: D

DAY COUNT CONVENTION

A mechanism for computing COUPON payments/receipts on a FIXED INCOME security. Day count conventions, which vary by instrument, market, and country, are based on the period between coupon payments, the number of

DEAD SPACE

The space between the floor and the ceiling or between walls that face eachother.

DEARTH

When the supply is low and is having difficulty meeting its demand.

DECEASED ACCOUNT

When a bank account is owned by a now dead person. It is frozen while it awaits for instructions from the executor. Issues about heirs and creditors are considered at this time.

DECLINE STAGE

The last stage in a products life that has declining sales and less customers. It is caused by obsolescence, customer changes, competition, or new requirements.

DEFENSIVE INVESTMENT STRATEGY

Investing more in safe investments like debt securities and less in risky ventures. It follows strategy to be safer. Refer to balanced investment strategy and defensive investment strategy.

DEFINED BENEFIT PLAN

A pension plan where an employer puts aside money for employees in a tax defferred account.The formula is set in advance. AKA career average benefit formula, career average formula, career earnings formula,

DEGREASER

A chemical that doesn’t dissolve in water. It comes from floors, machine, and tools.They are made from hydrocarbon solvents like kerosene or xylene.

DEKATHERM (DTH)

Energy that is 10 therms, 1 gigajoule, or 1,000,000 Btu. It is also spelled decatherm.

DELISTING

Taking stock from the exchange causing rule violations and inability to meet requirements of purchases when they are due.

DEMATERIALIZATION

When a company does paper only transactions and finds the best computer way to handle it. It is common for new businesses that are more profitable than expected. It switches to automated

DEMOLITION CLAUSE

A rule that doen’t attach liablity cost for demolition of a property that is not in need of being torn down. It is needed when ordinaces require it to be done after

DEOBLIGATION

Reducing the obligations on a contract. This is done by canceling a project, reducing cost, cost overrun, or correcing amounts recorded.

DEPTH OF MARKET

The units of a security that are traded without appreciation in price.

DETAILER

A representative that pharmaceuticals hire to inform clients about a new product.

DEVELOPED COUNTRIES

The nations of Australia, Austria, Canada, France, Germany, Italy, Japan, UK, And the US. They are sometimes called the north as well.

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