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

Category: D

DAYLIGHT RISK

The RISK of loss arising from failure by a party to a contract to receive, within the same business day, cash or ASSETS after it has already delivered assets or cash to

DE MINIMUS

A small or trifle issue. It is latin for not enough to be considered.

DEALER COST

The fee a dealer puts on the price for the buyer. It covers tax, fees, and is absorbed by the dealer to sell the product to an individual. It is exaggerated to

DEBRIS REMOVAL CLAUSE

A stipulation in industrial all risk insurance. It covers cost of debris removal, dismantleing a structure, or shoring a structure. It is limited to 5-10% of the policy amount.

DEBT-EQUITY SWAP

When a firm trades common stock thats new for bonds they already issued. Refer to debt for export swap.

DECK

The floors that are on a boat or airplane. It is different per each vessel based on function.

DECONSOLIDATION

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

DEEP POCKETS

The state of being endowed with substantial financial resources.

DEFICIENCY LETTER

1. an notice stating omisssions in official document to get rectification. 2. a letter sent to notify that a shortfall has occured and demand restitution.

DEFLATOR

The inflation rate used to convert prices and wages from nominal to real.

DEHIRE

A tactful way to rightsize a firm done by firing employees.

DELAYERING

Reducing the size of a business by firing management. The organization structure is flatter.

DELPHI METHOD

Predicting analysis that uses feedback to make a consensus among experts. It is done anonymously. The issue is circulated and commented on until an agreement is reached. AKA delphi forecasting.

DEMOGRAPHIC FACTORS

Characteristics assigned to age, sex, education, income, marital status, job, religion, birth rate, death rate, family size, and marriage age. It is done to every member of the population.  TLD Example: Many retailers

DENOMINATION

The face value of currency as it is stated in the print on it.

DESTINATION CONTRACT

Contract for sale where a seller takes risk on until goods are delivered. Refer to shipment contract.

DETERMINISTIC METHODS

Equations that use the idea of future behaviors are predictable based on data. They ignore disturbances and shocks that can alter data.

DEVIATION POLICY

When a company handles activities outside of their predictions. Action can be taken in time. AKA exception policy.

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