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

Category: D

DEWEY DECIMAL CLASSIFICATION (DDC)

A system used in libraries to catalogue its contents. A number is given to a subject area and all items that are in that area are thusly classified. It was invented by

DIFFUSION

1.when atoms mix due to random motion. 2.when ideas communicate to a community by member word or mouth.

DIGITAL DATA

Discrete and discontinuous binary digits. It is a differenty type of data than analog data.

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

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,

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

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