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

Category: Finance Dictionary

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

A mechanism where the INTEREST RATE on a FLOATING RATE NOTE or BOND is fixed once rates fall below a predefined level. The drop lock allows the issuer to lock in a

EFFECTIVE REACH

The number of buyers versus targeted audience, as a percentage. It measures the exposure to a particular ad over a specific period, to achieve a specific level of purchase of a product

EGALITARIAN

Having equal rights, regardless of social, economic, or other distinctions such as income, race, or religious or political beliefs.

ELECT

1. To select a choice from among more than one. An example: choosing one proposal from many for action. 2. In politics, it means, to select someone to hold an office or

ELECTRONIC BILL PAYMENT

Paying bills through a computer or telephone. Typically an online facility or service by some banks or merchants for its customers. Known also as electronic bill presentment and payment.

ELEVATION

1. Measured and described as height above sea level. 2. Two-dimensional drawing of an object. the front, back, side, and top are drawn flat.

ELIGIBLE ROLLOVER DISTRIBUTION

Fund distribution to a retirement plan. Allowed for specific, eligible plans such as a qualified retirement plan, a 401(b) plan, or a 457(B) plan. Fund amounts can be restricted by some exceptions.

EMERGENCE

Sudden presentation or result of a system’s processing. A combination of the properties of its components or parts triggers an unpredictable manifestation.

EMPHASIS ADDED

When part of a quote is emphasized by bolding, italicizing, or underlining them. to indicate that the emphasis is the author’s or reviewer’s note, these words are typically enclosed in square brackets

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