The Law Dictionary

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

Category: D

DIFFERENTIAL PRICING

The way a product can have different prices based on the customer, quantity, delivery, and terms. AKA discriminatory pricing or multiple pricing.

DIRECTIONAL RISK

The RISK of loss arising from exposure to the direction of a reference ASSET or market. An investor holding a LONG POSITION experiences a loss if market prices fall and a gain

DISENFRANCHISING TRANSACTION

A financial restructuring transaction, such as a DUAL CLASS RECAPITALIZATION, that removes voting rights from certain COMMON STOCK investors. DISINTERMEDIATION The process of removing financial institutions, including BANKS, INVESTMENT BANKS, and SECURITIES

DOUBLE TOP

A TECHNICAL ANALYSIS charting formation that depicts two RESISTANCE LEVELS followed by a BREAKOUT. The multiple declines suggest resistance on the upside and possible weakness on the downside. Also known as a

DUOPSONY

A market that only features two buyers of goods or services, suggesting the buyers have an ability to influence the prices paid to suppliers. See also DUOPOLY, MONOPSONY, OLIGOPSONY.

DAILY REPORT

A statement that has policy information that is needed by the insurere or agent. It is used as the top page of the policy.

DATA DICTIONARY

A database that is about a database. It defines structure and controls larger databases. It also keeps the data stored, name of elements, description of elements, characteristics of elements, access rights, and

DATA LOGGING

When all data is recorded by a device. Or passing data through a point in the network. Refer to data capture and data entry.

DATA RECORD

The structure of a database. Many unique data fields are the unique components used to make the structure. Many data records make a data file and many data files make a database.

DATABASE

Organized and structured repository that has indexed information in it for easy use. Retrieving, updating, analysys, and output is much easier to do this way. It is stored in a computer by

DATE OF SERVICE

The date when an insured party is seen by a doctor or given a treatment.

DAYCOUNT

How the days for interest are decided. A month has 30 days and a year is 360 days. Actual 60 is the days in a month but a 360 day yar. An

DE FACTO MERGER

A transaction that is not on a merger but can effect acquisition of a firm asset or stock. It is a statutory merger for appraisal, voting rights, and other matters.

DEADWEIGHT LOSS

When inefficiency is in the market because of demand and surlus issues. It has a negative impact on society. A triangle is the diagram used to show this demand curve, supply curve,

DEATH TAXES

A levy on a property when the owner dies or is transferred before death. AKA death duties.

DEBT COVERAGE RATIO

The way net operating income and annual debt service interact. It shows how suitable a company is for a loan.

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