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

DE FACTO MERGER

A transaction that is not on a merger but can effect acquisition of a firm asset or stock. It is a statutory merger for appraisal, voting rights, and other matters.

DE FACTO STANDARD

A standard that is accepted but is not defined by the industry groups and their organizations.

DE JURE DIRECTOR

A party that is appointed as director with the firm’s articles. They have consent to hold office and have full rights. They are responsible for the acts they do.

DE MINIMUS

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

DE MINIMUS PRINCIPLE

A law that doesn’t bother with trifles. It is used for insignificant offenses. In latin its de minimus non curant lex.

DE SON TORT TRUSTEE

A party not involved in a trust but takes on the acts of the acts of the trustee. They are a constructive trusee and are responsible for what they do. It is

DEAD CAT BOUNCE

A wall street term for brief recovery in the price of an unprofitable stock.

DEAD HAND CLAUSE

A provision contained within some POISON PILL defenses preventing the acquisition of the company by another firm even if a majority of shareholders approve of the offer. Only incumbent DIRECTORS can remove

DEAD LOAD

How much a structure weighs. Refer to live load.

DEAD SPACE

The space between the floor and the ceiling or between walls that face eachother.

DEAD TIME

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

DEADLINE EQUIPMENT

Equipment that’s inoperative because of damage, or need or repair. It may be damaged if it is used or may be unsafe to be used.

DEADWEIGHT DEBT

DEBT of a company that is used to fund operat- ing losses or service other debt rather than support productive invest- ment or ACQUISITIONS, or create incremental ENTERPRISE VALUE. Although the debt

DEADWEIGHT LOSS

When inefficiency is in the market because of demand and surlus issues. It has a negative impact on society. A triangle is the diagram used to show this demand curve, supply curve,

DEADWEIGHT LOSS OF TAXATION

The way tax changes supply and demand for the customer. It lowers price to make but increases price to buy the product. It leads to market shrinkage. AKA excess burden.

DEAL FLOW

The steady flow of business acquisitions when quantity lets you pick the best one based on your criteria.

DEALER BANK

A bank that underwrites and trades in bonds and debt securites. These are issued by the government, municipalities, or corporate entities.

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

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