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

Category: D

DETERGENCY

How well a detergent cleans and adheres to stains to remove it.

DEVELOPMENT

1. using scientific knowledge to meet goals. 2. to extend a theory or invention. 3. changes in economics and social trends in the culuture and environment. 4. adding improvements to land.

DICHOTOMY

Taking one thing and making it two. These parts are often opposing.

DIFFERENTIAL COSTING

A cost that changes with every alternative. It helps in decision making. Refer to marginal cost.

DIFFUSION PROCESS

A continuous, STOCHASTIC PROCESS where the market variable (e.g., a COMMON STOCK price or FOREIGN EXCHANGE rate) exists in continuous time and its probability density function is continuous; the variable changes on

DIGITAL FINGERPRINT

1. the coded binary digits that identify a file. It detects tampering and acts as a digital fingerprint. It also blocks employees from getting to illicit materials online on the firm’s computer.

DIVERSIFICATION

A spreading or dispersion of RISK, achievable by combining ASSETS or exposures that are not CORRELATED with one another; the process of diversification helps minimize concentrations of exposure and creates a more

DRAGON

A public BOND issued simultaneously in various Asian centers by a nonAsian company, denominated in a local Asian currency or US dollars. The dragon is effectively a regional form of the GLOBAL

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.

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