DECLARATION DATE

DECLARATION DATE: 

date on which the dividend is voted and announced (declared) by the board of directors. At the declaration date, the dividend is a legal liability of the company. See also DATE RECORD.


 DEDUCTIONS


1. itemized deductions, which are deductions from ADJUSTED GROSS INCOME (AGI). Certain personal expenditures are allowed by the Tax Code as deductions from adjusted gross income if they exceed the STANDARD DEDUCTION (formerly the ZERO BRACKET AMOUNT). Examples include medical expenses in excess of 7.5% of AGI, interest on home mortgages, real estate taxes, and charitable contributions. Itemized deductions are reported on Schedule A of Form 1040.


2. deductions for adjusted gross income, such as employee business expenses and contributions to an IRA pension plan.


3. adjustment to an invoice.


DEED OF TRUST see BOND INDENTURE; INDENTURE.


DEEP DISCOUNT BOND bond that has a coupon rate far below rates


currently available on investments and which consequently can be traded only at a significant discount from par value- usually more than about 20%. It may offer an opportunity for capital appreciation.



DEFALCATION unlawful and fraudulent misappropriation of property or funds under one's (e.g., cashier, trustee, administrator) control by breach of trust (e.g., EMBEZZLEMENT).



DEFAULT failure of a debtor to meet principal or interest payment on a debt at the due date. In the event of default, debtors may make claims against the assets of the issuer in order to recover their principal.



DEFEASANCE



1. to render null or void, or to terminate the interest in a property according to strictly stipulated conditions as in a deed. It may refer to the physical instrument itself stipulating the above conditions.



2. to discharge old, low-rate debt (without repaying it before maturity) by adding new securities paying high interest or having a higher market value. The object is to have a more debt-free balance sheet and increased earnings by removing the old debt and adding high-yielding new securities.




DEFENSIVE INTERVAL RATIO liquidity ratio revealing the ability of the business to meet its current debts. It indicates the period of time the entity can operate on its current liquid assets without needing revenues from next period's sources. The ratio equals defensive assets (cash,




marketable securities, and receivables) divided by projected daily

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DEDUCTIONS

 DEDUCTIONS 1. itemized deductions, which are deductions from ADJUSTED GROSS INCOME (AGI). Certain personal expenditures are allowed by the Tax Code as deductions from adjusted gross income if they exceed the STANDARD DEDUCTION (formerly the ZERO BRACKET AMOUNT). Examples include medical expenses in excess of 7.5% of AGI, interest on home mortgages, real estate taxes, and charitable contributions. Itemized deductions are reported on Schedule A of Form 1040. 2. deductions for adjusted gross income, such as employee business expenses and contributions to an IRA pension plan. 3. adjustment to an invoice. DECLARATION DATE:  date on which the dividend is voted and announced (declared) by the board of directors. At the declaration date, the dividend is a legal liability of the company. See also DATE RECORD DEED OF TRUST see BOND INDENTURE; INDENTURE. DEEP DISCOUNT BOND bond that has a coupon rate far below rates currently available on investments and which consequently can be traded...
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