Finance

Documentary Credit Documentary credit means the same thing as “letter of credit”. This is one of the varieties of letter of credit which requires the…

Dock Warrant is a customhouse license or authority. It is an important document used in foreign trade. This document is given by the owner of…

A dividend is a share of profits and retained earnings that a company pays out to its shareholders. It denotes a share of profits of…

Dies Non It is a non-business day. It is a day on which no legal business can be done, or which does not count for…

Discount denotes a deduction allowed to a person for payment before the due date or a deduction from the invoice price allowed to a buyer…

Statistical finance is the application of econophysics to financial markets. It is a method of collecting and analyzing numerical data. Instead of the normative roots…

Demurrage is fine, which is charged, by the owner of the ship or by the railway company for the delay in loading or unloading beyond…

Del Credre Commission It is an additional premium charged by a factor or an agent in consideration of which he guarantees the payment of the…

Deflation is the general decline in the price level of goods and services. It signifies a deliberate reduction in the amount of money in circulation…

Deficit financing is the budgetary situation where expenditure is higher than the revenue. It denoted financing public development expenditures in excess of the normal revenue…

Deferred Rebate is a rebate offered by a supplier of goods or services to customers on the understanding that further goods and services are purchased…

Deferred Ordinary Shares Deferred Ordinary Shares are those shares, holders of which are usually the residual claimants to the dividend i.e., these shareholders receive the…