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

DEFINED BENEFIT PLAN

A pension plan where an employer puts aside money for employees in a tax defferred account.The formula is set in advance. AKA career average benefit formula, career average formula, career earnings formula,

DEFINED CONTRIBUTION PLAN

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

DEFINITE

A certain or exact boundary. Refer to definitive.

DEFINITE QUANTITY CONTRACT

A contact to purchase that lets the supply of an amount of goods over a period of time. The delivery is scheduled on a timetable.

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.

DEFINITIZATION

The final agreement or contract about a decision. It can be about cost or the scope of a project.

DEFLATION

1.When the economy is in a downturn due to governmental policy. The wages go down, less credit is available, less imports come in due to demand, and the citizens money is increased

DEFLATOR

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

DEFORESTATION

Clearing forests or removing trees to make land for housing, agriculture, or firewood. Nothing is replanted and no time is allowed for forest regeneration. It is connected to the greenhouse effect and

DEFORMATION

Chaninging the body caused by stress. The stress in the limits of a material can offset this.

DEFRAGMENTATION

The act of rearranging files on the hard disk to make faster data access.The space left when this happens is filled by new files. If its too big a fragment is left

DEGRADABLE

The material that is under deterioration by natural forces or chemicals. Refer to biodegradable and photodegradable.

DEGRADATION FACTOR

The amount multiplied by mean time between failures of a part to get the operational MTBF.

DEGREASER

A chemical that doesn’t dissolve in water. It comes from floors, machine, and tools.They are made from hydrocarbon solvents like kerosene or xylene.

DEGREASING

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

DEGREE (

1.The unit of an angle or arc. It can be 60 min, 3600 sec, 0.017 radian, or 1/360 of a circle. As for the earths surface it is 60 nautical miles or

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