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Similar to the reverse repurchase agreement - a simultaneous agreement to sell a security held in a portfolio
with purchase of a similar security at a future date at an agreed-upon price.
Dollar safety margin
The dollar equivalent of the safety cushion for a portfolio in a contingent immunization strategy.
Dollar-weighted rate of return
Also called the internal rate of return, the interest rate that will make the present value of the cash flows from
all the subperiods in the evaluation period plus the terminal market value of the portfolio equal to the initial
market value of the portfolio.
Domestic International Sales Corporation (DISC)
A U.S. corporation that receives a tax incentive for export activities.
Domestic market
Part of a nations internal market representing the mechanisms for issuing and trading securities of entities
domiciled within that nation. Compare external market and foreign market.
Do Not Reduce Order (DNR Order)
Used in the context of general equities. Limit order to buy, order to sell, or a stop limit order to sell which is
not to be reduced by the amount of an ordinary cash dividend on the ex-dividend date. A Do not reduce
order applies only to ordinary cash dividends, and not stock dividends or rights.
Dont know (DK, Dked)
Dont know the trade. A Street expression used whenever one party lacks knowledge of a trade or receives
conflicting instructions from the other party.
DOT
See: Designated Order Turnaround System
Double auction market
Used for listed equity securities. Systems by which securities are bought and sold through brokers on the
securities exchanges, as distinguished from the O.T.C. market, where trades are negotiated. Unlike the
conventional auction with one auctioneer and many buyers, here we have many sellers and many buyers.
Double-declining-balance depreciation
Method of accelerated depreciation.
Double dip
Used for listed equity securities. Dividend roll in which the dividend capturer already owns the stock cum
dividend and is enriching his current yield through a second, or double dose of dividend.
Double-dip lease
A cross-border lease in which the disparate rules of the lessors and lessees countries let both parties be
treated as the owner of the leased equipment for tax purposes.
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