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Daisy Chain
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A group of unscrupulous investors who, practicing a kind of fictitious trading or Wash selling, artificially inflate the price of a Security so that they sell it at a profit.
It is an illegal practice by brokers of creating artificial transactions to give...
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Date draft
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A draft that matures a specified number of days after its issue date, regardless of the date of acceptance.
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DBA
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Doing Business As.
A formal notice that an individual, company or organization is conducting business under a different name. Often used in contracts.
DBA is a legal term, meaning that the name of the business or operation does not include the legal...
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De Novo
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In Financial terminology, numbers reported by newly founded companies (especially the financial services industry) are qualified as "de novo," to distinguish them from older companies.
For example, "growth de novo" means growth of newly started companies
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De-merger
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A corporate strategy to sell off subsidiaries or divisions of a company.
For example, in 2001 British Telecom did a de-merger of its mobile phone arm, BT Wireless, in an attempt to boost the performance of its stock. British Telecom took this action because...
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Dead Cat Bounce
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A 'dead cat bounce' is a rather unpleasant term used to describe a small, Short-term recovery in a falling stock's price.
If a cat was dropped from the top of a tall building, it would bounce when hitting the ground. Yet it wouldn't bounce much and still...
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Death Cross
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A crossover resulting from a Security's Long-term moving average breaking above its Short-term moving average or support level.
As Long-term indicators carry more weight, this trend indicates a Bear market on the horizon and is reinforced by High trading...
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Debt
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Money, goods, or services that one party is obligated to pay to another in accordance with an expressed or implied agreement.
Debt may or may not be secured; General name for bonds, Notes, mortgages, and other forms of paper evidencing amounts owed and...
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Debt Consolidation
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Using the proceeds of a new loan to pay off one or more existing loans.
Usually done when the client has trouble meeting their existing obligations and is able to lower their monthly payment with another more favorable loan. Debt consolidation can simply...
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Deduction
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Any item or expenditure subtracted from gross income to reduce the amount of income subject to Tax.
Also referred to as "allowable deduction". A Tax deduction or a Tax-deductible Expense affects a taxpayer's income Tax. A Tax deduction represents an Expense...
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Defined Benefit Plan
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A qualified retirement plan under which a retiring employee Will receive a guaranteed retirement fund, usually payable in installments.
Annual contributions may be made to the plan by the employer at the level needed to fund the benefit. The annual contributions...
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Delinquency
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A loan in which a payment is overdue but not yet in Default.
A delinquent is a person who fails to pay a Debt or other financial obligation, like a mortgage. Failure to cure a delinquent payment can result in repossession or foreclosure.
A mortgage...
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Demand Deposit
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An account from which deposited funds can be withdrawn at any time without any notice to the depository Institution.
A Deposit that can be withdrawn at any time without advance notice. The most common type is the checking account. This account allows you...
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Demand-Pull Inflation
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A term used in Keynesian Economics to describe the scenario that occurs when price levels rise because of an imbalance in the aggregate supply and demand.
When the aggregate demand in an economy strongly outweighs the aggregate supply, prices increase....
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Department of Veterans Affairs
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A federal agency that provides, among other services, guaranteed home loans for veterans.
The terms and rates of such loans are usually more favorable that those of conventional home loans. The Department of Veterans Affairs does not directly originate...
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Deposit
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Money given in advance to show intention to complete the purchase of a property or money transferred into a customer's account at a financial Institution.
Deposit is the money given by a buyer when making a formal Offer to bind the sale. It is also called...
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Deposit Ceiling Rates of Interest
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Maximum Interest rates that can be paid on savings and time deposits at federally insured commercial banks, mutual savings banks, savings and loan associations, and credit unions.
Ceilings on credit union deposits are established by the National Credit...
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Deposit insurance
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A system that guarantees that people who Deposit their money in a financial Institution are protected if the Institution fails.
Depending on the type of account and ownership, this protection totals $100,000 or more. Two government agencies provide this...
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Deposit multiplier
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A value representing the ratio of bank reserves to bank deposits.
If bank reserves increase, bank deposits may increase by the amount of the increase times the Deposit multiplier.
It is a function that describes the amount of money created in a bank's...
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Deposit Protection Scheme
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A scheme set up to give limited financial protection to people with deposits in authorized banks which fail.
Banks are authorized and supervised by the Financial Services Authority (FSA) and they are obliged to provide details of their Deposit protection...
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Digital money
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A form of electronic money that can be used to pay for goods and services, most often on the internet or another electronic medium.
Upon receiving the buyer's authorization of the payment, the vendor contacts the issuing bank and receives a transfer of...
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Digital wallet
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Encryption software that conducts secure transactions online in a fashion that resembles using a physical wallet.
A digital wallet (also known as an e-wallet) allows users to make electronic commerce transactions quickly and securely .A digital wallet,...
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DINKS
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Dual Income, No Kids - DINKS
A household in which both couples earn and no children (either both partners are working or one has two incomes).
DINKS are often the targeted by marketing efforts for luxury items such as expensive cars and vacations.
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Discrete compounding
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The process of calculating Interest and adding it to existing principal and Interest at finite time intervals, such as daily, monthly or yearly.
Compounding is the ability of an asset to generate Earnings, which are then reinvested in order to generate...
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Dividend
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A portion of Earnings paid to the owners of a credit union or Corporation. (A credit union's owners are called members; a Corporation's owners are called shareholders. Credit unions and banks both pay savers a percentage of the money in their savings accounts....
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Dollar Cost Averaging
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Investment of a fixed amount of money at regular intervals, usually each month.
This process results in the purchase of extra shares during market downturns and fewer shares during market upturns. Dollar-cost averaging is based on the belief that the market...
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Domicile
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The country or place of a person's permanent home, which may differ from that person's nationality or place of residence.
Domicile, which is important for taxation purposes and the application of certain financial regulations, is determined both by the...
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Donation
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Legal transaction by which a giver, while still living, transfers irrevocably, freely and without delay, the property of a good to a done who accepts it.
In France, a donation is generally certified by an act drawn up by a notary. A donation may take various...
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Dotcom
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A company that embraces the internet as the chief component in its business.
A Dot-com company, or simply a dot-com, is a company which does most of its business on the Internet, usually through a website that uses the popular top-level domain, ".com"...
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Down payment
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An initial amount you pay at the time of purchase, in Cash, to reduce the total amount you have to finance.
Down payment is a term used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront...
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Downgrade
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A negative change in the rating of a Security.
This situation occurs when analysts feel that the Future prospects for the Security have weakened from the original recommendation, usually due to a material and fundamental change in the company's operations,...
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Drawdown
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A measure of a losing period during an investment record.
It is calculated as the percent change from a price peak to trough. This used as a measure of Risk. It is any losing period during an investment record. It is defined as the percent retrenchment...
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Dutch Auction
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A public offering Auction structure in which the price of the offering is set after taking in all bids and determining the highest price at which the total offering can be sold. In this type of Auction, investors place a Bid for the amount they are willing...
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