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

Category: D

DEMING APPLICATION PRIZE

The quality awar for a Japanese firm or party. It was started in 1951 by W. Edward Deming and is administered by the JUSE. AKA Deming prize.

DEMONSTRATED RESERVES

The amount of energy source an area can support and still be recovered with the available technology. AKA demonstrated energy reserves.

DEPLETION

To take from the land’s value when minerals are taken.

DERMATITIS

Inflamation of the skin due to exposure. Redness and pain or dring is possible as well.

DESIGNATION DATE

The date when an act is offical or an organization takes on a new employee.

DETERGENT

A cleaning agent that removes dirt and grease from a nonporous surface or a porous surface. It is made of soap or surfacants.

DICKER

To negotiate for a good. An agreement must be made eventually.

DIGERATI

Digital literati. It is the active parties in a digital revolution.

DIRECT WRITER

An INSURER that writes INSURANCE policies through a direct selling process or an exclusive AGENCY arrangement, or a REINSURER that accepts ceded RISKS directly from other insurers rather than REINSURANCE BROKERS.

DIVESTITURE

A CORPORATE FINANCE transaction where a company sells a subsidiary or a portion of its operations to a third party. A divestiture typically occurs when the company no longer views the ASSETS

DROP LOCK NOTE

A FLOATING RATE NOTE or BOND that converts into a fixed COUPON obligation when a reference INTEREST RATE is breached on the downside. See also DROP LOCK.

DANGEROUS GOODS DECLARATION

A document that a cosignor makes to certify a dangerous good is in accordance with international shipping standards.

DATA PROCESSING INSURANCE

Protection against loss of equipment and media used in data processing. It also helps with restarting business operations. It is in the specified risk or hazards that the items covered are listed.

DATE OF MANUFACTURE

The date when a product is made or when it is as it is described in the technical literature.

DAY TRADER

A party that takes a position and sells it in the same day.

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