The Law Dictionary

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

Category: D

DAY ORDER

An order that expires if it is not done the day it is placed.

DEAD TIME

The time that is wasted on non work at work but is paid for by wages.

DEATH BENEFIT

The amount of a life insurance policy that is paid to the beneficiary when the party dies who bought the policy.

DEBT ASSIGNMENT

A transfar of debt accounts from creditor to third party that become owner to resolve debt. It shares repayment made to the assignee.

DEBT INVESTMENT

Investing by buying bonds or debentures. Common stock or perferred stock is not bought.

DEBT TRAP

The way a party is suckered into taking on long term debt that favors the lender. Incentives are offered to make it look better than it really it. They are hit with

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.

DECLARATION DATE

The date when a firm announces the next dividend payment. It must be honored once announced.

DECONSOLIDATION

Separating a shipment that was consolidated. It is broken down into its original shipments for delivery. Refer to consolidated shipment and consolidation.

DEFERRED COMPENSATION PLAN

Holding a portion of an employees wages until retirement.The employee will get periodic payments once they retire. It is done to get in a lower tax bracket. AKA defferred compensation pension plan.

DEFERRED REBATE

When a carrier refunds a percent of charges to shippers who commit cargo for a period of time to the carrier. It is paid at the end of the period.

DEFORMATION

Chaninging the body caused by stress. The stress in the limits of a material can offset this.

DEHYDRATION

1. taking water from a mix. 2. when the body has too little water in it causing electrolyte imbalance. Excessive loss of water or not enough intake is the cause. Coated tongue,

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