a   b   c   d   e   f   g   h   i   j   k   l   m   n   o   p   q   r   s   t   u   v   w   x   y   z  

Day High - The highest price that a security has traded during the day.

Day Low - The lowest price that a security has traded during the day.

Death Benefit - The amount available for payment to the designated beneficiary(ies) upon the death of the annuitant.

Debenture - A common type of bond issued by large, well-established organizations. Holders of debentures representing corporate indebtedness are creditors of the corporation and entitled to payment before shareholders upon dissolution of the corporation.

Debt-to-Income Ratio - The relationship, stated as a percentage, between a loan applicant's monthly debt payments and his/her monthly income. The ratio is frequently used by lenders to assess a loan applicant's ability to take on additional debt.

Decreasing Term Insurance - Term life insurance in which the face value decreases in scheduled steps from the date the policy is initiated to the date the policy expires, while the premium remains stable. The intervals between decreases are usually monthly or annually, and are based on the premise that less coverage is needed at a later date.

Deed - The legal document that transfers title to real property.

Deed of Trust - An instrument used in many states instead of a mortgage. Under the terms of the instrument, property is transferred to a trustee by the borrower (trustor), in favor of the lender (beneficiary) and transferred back to the borrower by the trustee upon payment in full of the underlying loan.

Default - The failure to perform an obligation as agreed and specified in a contract.

Depreciation - A loss in a property's value caused by age, physical deterioration, functional or economic obsolescence.

Derivative - A generic term used to categorize a wide variety of financial instruments whose value "depends on" or is "derived from" an underlying asset's value, reference rate or index.

Devaluation - A government action to lower the trade value of a nation's currency with respect to other currencies by decreasing the gold content or by revising the ratio to a new standard.

Diluted Earnings - A calculation that includes stock options, warrants and convertible securities to calculate per-share earnings.

Discount Point - An amount paid to the lender to permanently buy down or lower an interest rate on a loan, usually calculated as a percentage of the loan amount.

Discounted Interest Rate - A lower "teaser" rate offered by a lender on a variable-rate loan for a specific time period. After the period is over, the lender will adjust the interest rate on the loan in accordance with the terms of the loan contract.

Discounted Loan - A loan on which the note rate is less than the market rate. The lender generally requires additional points to be paid on such a loan to raise the yield on the loan to the market rate.

Distribution - Disbursement of an annuity value through surrender, withdrawal, or annuitization.

Dividend Reinvestment Plan - A program under which a mutual fund automatically purchases additional mutual fund shares in the shareholder's account from all or some of the income or capital gain distributions due to the shareholder.

Dividends - Profits distributed to shareholders of a mutual fund, derived from the income earnings of stocks and bonds.

Dollar Bond - A bond quoted on a dollar basis, rather than the usual yield-to-maturity method applicable to most municipal bonds. Dollar bonds are usually the term-bond portion of a municipal issue.

Dollar Cost Averaging - Voluntarily investing of equal amounts of money at regular intervals, regardless of whether securities markets are moving up or down. This practice reduces average share costs to the investor who acquires more shares in periods of lower securities prices and fewer shares in periods of higher prices. (Dollar cost averaging does not assure a profit or protect against a loss. One should consider one's ability to continue investing in declining market periods.)

Double-Barreled Bond - A bond secured by the pledge of two (or more) sources of payment.

Dow Jones Industrial Average - The most popular U.S. index of stocks, which contains 30 stocks that trade on the New York Stock Exchange. The Dow, as it is often called, is a barometer of how shares of the largest U.S. companies are performing.

Down Payment - The amount of money a buyer pays from his/her own funds to the seller on the item being purchased, which typically is from five to 25% of the sales price.

Draft - A demand for payment; a signed order by one party, the drawer, addressed to another, the drawee, directing the drawee to pay a specified sum to a third party, the payee, at a certain date.

Duration - A measure of a bond price's sensitivity to a 100-basis point change in interest rates. A duration of 8 would mean a 100-basis point change up/down in rates would move a bond's price up/down by 8%.

Duty - A government tax levied on imports and exports or on the use or consumption of goods.

Back to Top


Site Map  |  Privacy / Security  |  Terms of Use  |  Help  |  Careers  |  Wilmington Trust Investment Advisors  |  Wilmington Funds  |  WTRIS  |  M&T Bank  |  Press Releases  |  Login

Need help, visit our Contact Us page.
© 2014 Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by
M&T Bank. Investment Services, Wealth Advisory and Corporate & Institutional products and services are offered by Wilmington Trust Company,
operated in Delaware only, and Wilmington Trust, N.A. International Corporate & Institutional services are offered through our international affiliates.

 Investments: • Are NOT FDIC-Insured. • Have NO Bank Guarantee. • May Lose Value. 
Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank, Wilmington Trust or Wilmington Trust NA.

M&T Bank and Wilmington Trust, N.A. are Members FDIC and Equal Housing Lenders NMLS #381076 Equal Housing Lender