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

Category: Finance Dictionary

DECLINING MARKET

The last part of market development with declining revenues due to market saturation, smaller market size, or a new product.

DEED IN LIEU OF FORECLOSURE

Transfering ownership from a borrower who is in default to the lender of the mortgage. It is done to prevent expenses with foreclosure.

DEFINITIVE SECURITY

A DEBT or EQUITY security that is issued in the form of a physical certificate rather than as a dematerialized, electronic computer entry. See also BOOKENTRY SECURITY, SCRIP.

DEGREE DAY SWAP

When cash flow is exchanged based difference between actual and negotiated degree days in a period of time.

DELAYED CALL BOND

A bond not called for years and continues to generate income. Refer to callable bond.

DEMISING WALL

The boundary between the tenant and the next tenant. AKA demising partition or party wall.

DENATURED ALCOHOL

An ethly alcohol that is not drinkable due to chemicals and smells bad. It is done to avoid a tax. AKA methylated spirit. Refer to completely denatured alcohol and specially denatured alcohol.

DESCENDING BOTTOM

A TECHNICAL ANALYSIS charting figure depicting a declining securities price or index value over time, with everlower levels, generally considered to be a bearish signal. See also ASCENDING TOP, FALLING TOP, RISING

DESIGNER BUGS

An expression for enzymes made in a lab to do a specific purpose.

DETERMINISTIC

A process whose result depends on the previous stages. If a project has one outcome it is predetermined.

DEVIATED RATE

When a company offeres a rate a lawyer recommends but is lower than the usual for the area.

DIAGRAM

1. a drawing that shows an idea or components and the relationships. 2. points kept that meet a condition or relation in an equation.

DIFFERENTIAL SWAP

An OVERTHECOUNTER COMPLEX SWAP involving a single currency exchange of floating INTEREST RATE references denominated in two different currencies (e.g., dollar LIBOR versus EURIBOR, payable in dollars). The swap permits an institution

DIGITAL

1. discontinuous phenomenom. Or representind data in figures. 2. data sent by code in an on or off state. This is represented by a 1 or 0. 3. representing data in binary

DIGITAL MEDIUM

A physical way of storing media or archiving it. It can hold data, graphics, audio, and video.

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