Dirty Float Floating exchange rate system wherein a government interferes at times to influence the domestic currency value by modifying the direction it is taking. … [Read more...]
Dirty Price
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Dirty Price Actual price at which buyer can own the bond. Represented by bond price plus accrued interest, if any. … [Read more...]
Disbursement Float
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Disbursement Float Reduction in book cash not immediately followed by variation in cash at bank. Normally occurs owing to checks issued by the firm’s authorized signatories but not encashed. … [Read more...]
Discharge In Bankruptcy
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Discharge In Bankruptcy Legal clearance granted from all obligation to repay debts in bankruptcy. … [Read more...]
Disclaimer of Opinion
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Disclaimer of Opinion Statement from auditor giving a disclaimer regarding views of any kind with respect to the financial state of the company. … [Read more...]
Discount
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Discount Refer: premium. With respect to bond sale price, any price lower than the par value. … [Read more...]
Discount Bond
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Discount Bond Below principal value sale of debt. Any discount bonds paying no interest are termed zero coupon bonds. … [Read more...]
Discount Broker
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Discount Broker Stockbrokers who buy or sell on client’s instructions and charge discounted commissions as compared to full-service brokers. No investment advice is offered by such brokers. … [Read more...]
Discount Factor
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Discount Factor Value at present time of one dollar that will be disbursed at a given date in future. … [Read more...]
Discount Period
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Discount Period A time period within which the discount can be reduced from the bill’s net amount during payment by a customer. … [Read more...]
Discount Rate
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Discount Rate Federal Reserve rate of interest charged on a bank that needs funds against collateral to cover a temporary shortfall. The Fed imposes restrictions on such borrowings so that they are limited to meeting liquidity requirements over the short term, and are not misused to … [Read more...]
Discount Securities
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Discount Securities Discounted issue of money market instruments of the non interest carrying kind. At maturity, these are redeemed for the whole face value. Treasury bills in U.S. are examples of discount security. … [Read more...]
Discounted Basis
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Discounted Basis Making up the interest payable on an instrument by selling at a discounted price. This price is lower than the value of this instrument on its maturity date, the difference representing the discount. … [Read more...]
Discounted Payback Period Rule
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Discounted Payback Period Rule Decision making rule for investing where it is considered that cash flows are discounted at a rate of interest and the rule of payback is effected on such cash flows with discounts. … [Read more...]
Discounting
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Discounting Computing a future amount’s present value by a process that is contrary/ opposite to calculations using compounding. … [Read more...]
Discounts For Lack Of Marketability
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Discounts For Lack Of Marketability Evaluation method to measure value of closely held, restricted shares. Based on the concept that there is a discount between the stock value that is and is not saleable. … [Read more...]
Discrete Compounding M
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Discrete Compounding M Computing the money time value by compounding over discrete time periods. … [Read more...]
Discrete Random Variable
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Discrete Random Variable This variable can only take the given classes of discrete probable values. For instance, it may take the value of positive integers- 1, 2, 3 and so on. … [Read more...]
Discretionary Account
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Discretionary Account Organization or individual controlled accounts wherein the person named as holder of account differs from the one having control or trading authority over it. … [Read more...]
Discretionary Cash Flow
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Discretionary Cash Flow Flow of funds available once the financing of capital investment projects with positive NPVs is done. These funds are used for many purposes, for example, to pay cash dividends, repurchase common stock, retire debt. … [Read more...]
