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

Category: Finance Dictionary

DEAD TIME

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

DEBT FORGIVENESS

To write off more than one loan to a troubled firm. It helps in restructuring debt so that the remaining balance can be paid.

DECENTRALIZATION

Transfering the power and responsibility to get better results. Delegation about authority in the organization and its small departments is done at this time.

DECLINING BALANCE

The unpaid amount of a loan that goes down with every payment. The interest and charges are done based on the balance

DEFENSIVE RESPONSE

Only taking responsibility for legally required errors on the social and environmental problems. A firm can accomodate response, obstructive response, and proactive response.

DEFINED CONTRIBUTION PLAN

A benefit plan that an employee adds a fixed amount every month until they retire. AKA defined contribution pension plan.

DEGREASING

Removing grease from a surface using hot water, steam, alkaline cleaners, or organic solvents.

DEKITTING

Taking kits apart and returning them to stores.

DELIVERABLE

A report done when a contract demands it. This term also applies to individual items.

DEMONSTRATE

To show. It can be applied to an object, device, procedure, or example.

DEPARTMENTAL BUDGET

A tool used to predict income and expenses of a department to get the goal. It analyzes cost and the firm’s income to meet expenses. It manages performance over time.

DEREGULATION

Changing laws that hinder free competition that lets market forces drive the economy.

DETECTIVE CONTROL

Regularly auditing and surprise auditing to get problems early and prevent fraud and fund leaks.

DIAGNOSTIC SKILLS

Experience in identifying cause and effect relationships in symptoms and sources.

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