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

DIFFUSION

1.when atoms mix due to random motion. 2.when ideas communicate to a community by member word or mouth.

DIFFUSION AND AMORTIZATION EFFECT

A concept indicating that the maximum CREDIT RISK of an INTEREST RATE SWAP occurs onethird to halfway through the life of a transaction. This occurs because simulated future INTEREST RATES used in

DIFFUSION OF INNOVATION

The idea that each market has groups of customers that vary. Innovation is not one dimensional becasue of this. Refer to adoption process.

DIFFUSION PROCESS

A continuous, STOCHASTIC PROCESS where the market variable (e.g., a COMMON STOCK price or FOREIGN EXCHANGE rate) exists in continuous time and its probability density function is continuous; the variable changes on

DIGERATI

Digital literati. It is the active parties in a digital revolution.

DIGESTION

A biochemical decomposition of pollutants due that leaves partial gas, liquid, or mineral.

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 ACTOR

Animated graphics used to resemble humans or cartoons. The visitor of a website picks it to represent themselves in the site. A future possibility of this will be salepeople that sell to

DIGITAL AUDIO TAPE (DAT)

The 4mm tape that stores 4GB. It is replaced by the DLT that stores 35 GB using longitudinal recording.

DIGITAL CASH

Systems that let a buyer pay electronicallyusing a unique number like a banknote number. It is anonymous. AKA electronic cash.

DIGITAL CERTIFICATE (DC)

When an email has an attachment or data from a webpage. It certifies that the sender is the one who claims to have sent it. It is a long string of binary

DIGITAL COUPON

Coupons that are usable online or for download that can be used in the stores on location. They are on company websites, social media outlets, texts, and email. Cell phones also offer

DIGITAL DATA

Discrete and discontinuous binary digits. It is a differenty type of data than analog data.

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